XRP rebounds to $1.03 but bearish momentum keeps $1 support at risk
Key takeaways
- XRP trades around $1.03 after falling more than 5% during the previous week.
- The token remains below its 50-day, 100-day, and 200-day EMAs, maintaining a bearish technical structure.
- An RSI reading near 39 and a negative MACD signal indicate persistent selling pressure.
XRP trades near $1.03 on Monday, recording a modest rebound after declining more than 5% during the previous week.
Despite the intraday recovery, XRP retains a bearish near-term outlook because it remains below all three major Exponential Moving Averages. Weak momentum indicators also suggest that sellers continue to control the broader price trend.
The $1.00 psychological level is now crucial. Buyers must defend this support to prevent another leg lower, while XRP needs to reclaim the 50-day EMA at $1.10 to improve its short-term outlook.
XRP remains below all major moving averages
XRP currently trades below the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37
Trading below all three moving averages reflects weakness across short-, medium-, and long-term time frames.
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