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.
For now, the lack of a meaningful bullish reversal suggests that the market is still in a corrective phase. A break above the descending trendline and the $1.02-$1.04 resistance zone would be needed to materially improve the daily structure. Otherwise, another test of the lower support area remains possible.
XRP/USDT 4-Hour Chart
The 4-hour chart provides a more immediate bearish picture. XRP has been forming lower highs beneath a descending trendline, while the recent rebound attempts have repeatedly failed to produce a meaningful structural breakout.
The asset is currently hovering around $1.00 and has already moved below the $1.02-$1.03 support area shown on the chart. This former support could now act as resistance if XRP attempts to recover. The descending trendline overhead further reinforces the bearish structure, making the $1.02-$1.07 region an important area for any potential reversal.
The current consolidation just below $1.00 suggests that sellers have not completely lost control, but momentum is also becoming compressed. If the $1.00 area fails decisively, the next major downside reference is the $0.91-$0.97 support zone visible on the daily chart.
Conversely, reclaiming $1.02-$1.03 and subsequently breaking the descending trendline would weaken the bearish setup. A stronger recovery above the $1.06-$1.08 area would provide a more convincing signal that the current downtrend is losing momentum. Until then, the path of least resistance remains tilted to the downside.
The post Ripple Price Prediction: Can XRP Defend $1 or Will $0.90 Come Into Play Next? appeared first on CryptoPotato.
This articles is written by : Fady Askharoun Samy Askharoun
All Rights Reserved to Amznusa www.amznusa.com
Why Amznusa?
AMZNUSA is a dynamic website that focuses on three primary categories: Technology, e-commerce and cryptocurrency news. It provides users with the latest updates and insights into online retail trends and the rapidly evolving world of digital currencies, helping visitors stay informed about both markets.
