Ripple Price Prediction: Can XRP Defend $1 or Will $0.90 Come Into Play Next?
XRP remains under pressure, with the broader structure still favoring the bears as the asset trades near the $1.00 area. The market has lost momentum after the previous decline, and the latest price action suggests that a sustained recovery has yet to develop.
Ripple Price Analysis: The Daily Chart
On the daily timeframe, XRP remains inside a clearly defined descending structure. The price is trading well below the major moving averages. This keeps the broader trend bearish despite the consolidation seen over the past several weeks.
The $1.02-$1.04 area is now an important resistance zone. XRP previously traded around this region before breaking lower, and the latest candles remain below it. A recovery above this zone would be an initial sign that buyers are attempting to regain control, although the descending trendline would remain a larger obstacle.
On the downside, the immediate structure is becoming increasingly important around the $1.00 psychological level. A sustained move below this area could expose the blue demand zone around $0.91-$0.97. This region represents the next major support visible on the chart and could become relevant if the current consolidation resolves to the downside.
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