Ripple Price Analysis: XRP Reclaims $1 as Sellers Show Early Signs of Exhaustion

Ripple’s XRP remains locked in a broader bearish structure, although the latest short-term price action is beginning to show tentative signs of seller exhaustion. The $1 psychological level is now the immediate battleground, with the market approaching an important demand area below.

Ripple Price Analysis: The Daily Chart

XRP continues to trade within the large descending channel that has governed price action for several months. The sequence of lower highs remains intact, and the latest decline has pushed the asset back toward the $1 level after repeated failures to generate sustained bullish momentum.

The broader technical structure therefore remains bearish. The nearest significant resistance sits around $1.11-$1.15, an area that has recently rejected multiple recovery attempts. Above it, the descending channel boundary converges toward the $1.20 region, while the stronger $1.24-$1.29 supply zone represents another major obstacle. Until the asset can reclaim these areas, rallies are likely to remain corrective within the broader downtrend.

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