XRP Price Faces a Major Test at $1.00: Breakout or Breakdown Next?
- XRP risks deeper losses if $1.00 support breaks with strong selling volume.
- Whale accumulation offers hope despite bearish momentum and persistent resistance above $1.05.
- Analysts expect recovery only after XRP reclaims key EMA resistance levels.
Ripple's XRP is approaching a price level that could shape the next major move. The token trades near $1.03 after weeks of persistent selling pressure. Bulls now face a crucial test around the psychological $1.00 mark. Losing that level could expose XRP to deeper losses. Holding support could give buyers another chance to recover. Meanwhile, whale accumulation offers one reason for bulls to remain hopeful.
XRP Price Struggles Below Key Resistance
XRP recently slipped below the $1.05 support zone. That level has now turned into resistance during recovery attempts. The token also recorded the lowest daily close of 2026. XRP closed near $1.02 after breaking an ascending support trendline. The move also pushed prices back toward June lows. Analyst ChartNerdTA highlighted the weakness after the July 31 breakdown. The analyst noted repeated rejections from the 20-day and 50-day EMAs.
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