XRP Price Risks Deeper Drop as $1.07 Support Falters
XRP is under pressure after failing to hold last week’s rebound. Sellers are regaining control near the $1.28–$1.35 resistance zone, pulling price back toward the $1.07–$1.15 demand area.
On the daily chart, XRP remains inside a broad descending channel and trades below the 100- and 200-day moving averages. The latest bounce was rejected beneath the 100-day MA and the $1.28–$1.35 resistance band. The focus is now whether XRP can keep defending $1.07–$1.15. A decisive break below $1.07 would raise the odds of another sell-off and potentially expose the prior swing low.
On the 4-hour chart, short-term momentum has deteriorated. XRP failed to clear the ascending resistance trendline and the $1.26–$1.30 supply area, then rolled over and erased much of its recovery. After forming another lower high near $1.25, price drifted back toward the $1.1 region and is hovering close to the lower range boundary while buyers struggle to produce a meaningful bounce.
Traders watching XRP should note the key trigger: defend $1.07–$1.15 for another attempt toward ~$1.20 and possibly $1.26; lose $1.07 and the near-term structure could break down, increasing downside risk for XRP.
Bearish
The article frames XRP as bearish because both higher-timeframe structure and short-term momentum are weakening. On the daily chart, XRP is still below the 100- and 200-day moving averages and faces repeated rejection near $1.28–$1.35. That keeps the broader descending-channel narrative intact. On the 4-hour chart, failure to break the $1.26–$1.30 supply zone followed by a lower high near $1.25 suggests sellers are controlling rallies. The immediate trading risk is a breakdown of the $1.07–$1.15 demand zone; a clean loss of $1.07 would likely accelerate downside toward the prior swing low—similar to past “range breakdown” behavior seen when price revisits the lower band and fails to rebound.
Short-term, traders may tighten risk around the $1.07 support and expect volatility if bids fail to defend. Long-term, unless XRP can reclaim the $1.28–$1.35 resistance and improve moving-average conditions, rallies may continue to be sold, keeping downside bias elevated.