XRP (Ripple) remains under persistent selling pressure as technical indicators flash historically weak readings, raising concerns over a potential breakdown below the psychologically important $1 level. According to multiple technical analyses, the cryptocurrency is trading in a well-defined downtrend on both the daily and 4-hour charts, with sellers firmly in control.
Key support and resistance levels have become the central focus for traders. A crucial demand zone lies between $1.01 and $1.04, which has repeatedly cushioned declines over recent weeks. A decisive breakdown below this zone could accelerate losses toward the next major support near $0.89. On the upside, XRP must first reclaim a descending trendline and then break through resistance between $1.24 and $1.29 for any meaningful recovery. Until that happens, rallies are likely to be corrective and short-lived.
On the monthly timeframe, the Relative Strength Index (RSI) has dropped below levels seen during the 2020 market crash, signaling extremely oversold conditions. XRP is currently trading about 72% below its all‑time high. Despite this, structural analysis reveals a pattern of higher cycle lows: from $0.10 in earlier cycles, to $0.28, and now around the $1.00 region. This suggests a long‑term floor has been gradually shifting upward, even as corrections persist.
Short‑term price action shows XRP hovering near $1.07 with a marginal 0.25% gain over 24 hours. Daily trading volume reached approximately $1.02 billion, down over 22% from the previous session, indicating reduced market participation. Data from Coinglass highlights a reset in leveraged positions after a major long liquidation event on July 27 that wiped out $4.85 million in bullish bets. Liquidation activity has since moderated, suggesting that excessive leverage has been flushed from the market, which could pave the way for more stable price action.
While the technical outlook remains bearish, the combination of deeply oversold RSI levels and a historical pattern of rising long‑term support may provide a glimmer of hope for bulls. For now, the battle at the $1.01–$1.04 support zone will determine whether XRP can avert a drop below the $1 mark.
