Ripple Price Analysis: XRP Risks Falling Below $1 Unless It Breaks This Barrier
XRP has come under renewed selling pressure after failing to sustain its previous rebound, sending the price back toward a key support region. Although buyers have stepped in to defend the latest decline, the broader technical picture still favors caution as the asset trades below major resistance levels.
XRP Price Analysis: The Daily Chart
The daily chart continues to reflect a bearish market structure, with the cross-border token trading inside a long-term descending channel while remaining below both the 100-day and 200-day moving averages. The recent rejection from the upper portion of the range reinforces that sellers are still controlling the broader trend.
The $1.02 to $1.04 demand zone once again attracted buyers, triggering the latest rebound. However, the recovery remains vulnerable as long as the price stays beneath the descending trendline and the major resistance area around $1.24 to $1.28, where the moving averages also converge. A successful reclaim of this region would be the first meaningful sign that momentum is shifting in favor of the bulls.
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