XRP Price Analysis: Sellers Push Toward $1, Bulls Need $1.01–$1.04
XRP remains under heavy selling pressure as rebounds fade and price action stays bearish. On the daily chart, XRP trades below a descending resistance trendline and far under key moving averages, keeping the broader downtrend intact. After failed recovery attempts, XRP slid back toward the critical support/demand zone at $1.01–$1.04.
For XRP/USDT traders, the key levels to watch are: $1.01–$1.04 (support) and $1.24–$1.29 (resistance). As long as XRP holds below the descending trendline and repeatedly rejects near $1.24–$1.29, downside risk persists. A decisive break below $1.01–$1.04 would likely accelerate selling toward the next major support near $0.89.
On the 4-hour chart, XRP prints lower highs and lower lows, capped by the descending trendline. Rejection around $1.09 was followed by a drop back to $1.01–$1.04, suggesting buyers have not regained control. Bulls will likely need to reclaim the descending trendline first before any credible push toward $1.24–$1.29.
Bearish
The latest update reinforces a short-term bearish setup for XRP. Daily structure remains bearish with XRP below the descending resistance trendline and below major moving averages. The key change is renewed confirmation of buyer weakness: XRP rebounded toward the $1.09 area but was rejected again, quickly returning to the $1.01–$1.04 demand zone. This suggests support is being tested but not convincingly reclaimed. If $1.01–$1.04 fails, traders may see a momentum-driven breakdown toward $0.89. On the upside, a bullish shift likely requires XRP to first reclaim the descending trendline; only then does a move toward $1.24–$1.29 become more plausible. Until those conditions are met, the probability of another leg down remains higher for XRP.