- XRP price is testing the key $1 support as bearish pressure raises the risk of a drop toward $0.80.
- A break above $1.40 would be needed to support a stronger recovery toward $1.70.
XRP price is holding near $1.03 as bearish pressure keeps the market under strain. The key $1 support level is now in focus as traders watch for the next major price move.
XRP has struggled to regain higher levels and remains below important moving averages. A daily close below $1 could expose XRP to further losses toward the $0.95 and $0.80 levels.
XRP Price Faces Key $1 Support
XRP is consolidating around $1.03 after facing persistent selling pressure. The $1 level remains a key psychological support for XRP.
Short-term technical indicators continue to show a bearish setup. XRP is also trading below its 50-day and 200-day moving averages, keeping the broader trend under pressure.
A daily close below $1 could deepen the bearish outlook. If that happens, XRP price could fall toward the $0.95-$0.80 range.
However, the $0.95-$1.00 area has attracted strong buying interest. Sellers have struggled to push XRP below this zone, suggesting that buyers could continue to defend the support.
XRP Needs $1.40 for a Trend Reversal
XRP faces immediate resistance between $1.10 and $1.11. This area aligns with the 50-day exponential moving average and could limit any short-term recovery. A move above this resistance would improve the near-term setup. However, XRP needs to reclaim $1.40 to confirm a stronger trend reversal.
If XRP breaks above $1.40, the next major target could move toward $1.70 or higher. Until then, the broader price structure remains vulnerable.
The RSI is in the high 30s, placing it near oversold territory. This could support a short-term rebound if buying pressure returns. The MACD remains below zero, though the decline in selling pressure could signal that bearish conditions are starting to ease. Still, there is no clear confirmation of a price bottom.
XRP Price Outlook
XRP price could remain range-bound if the $1 support level holds. Under this scenario, XRP may trade between $1.00 and $1.15 in the near term.
A break below $1 would increase the risk of a move toward $0.95 and potentially $0.80. On the other hand, a recovery above $1.11 could give buyers room to challenge higher resistance levels.
For a sustained bullish reversal, XRP must reclaim $1.40. Broader crypto market sentiment and institutional activity on the XRP Ledger could also influence the next major move.
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