XRP is trading near $1.03 after declining 1.33% over the past 24 hours and 14.50% across seven days, according to CoinGecko data. The token's 24-hour trading volume reached $2.03 billion as it retested support in the $0.99 to $1.00 range.
Support Level Under Scrutiny
Analyst Ali Charts identified $0.99 as a critical support boundary on XRP's three-day chart. The token previously failed to break through $1.55 resistance at the top of its trading channel before reversing lower. Ali Charts warned that if XRP loses support near $0.99, the correction could extend toward $0.80.
The $0.99 to $1.00 area has emerged as the immediate technical battleground. A sustained hold at this level could stabilize the price, while a breakdown would strengthen the bearish case.
Competing Outlooks
Other analysts offered different perspectives on XRP's near-term direction. Crypto With Gopal identified a potential double-bottom formation on the daily chart, with the token retesting the $1.00 support zone where buyers have previously stepped in. The analyst noted that holding this level could trigger a bullish reversal, though the pattern remains unconfirmed.
CasiTrades pointed to Fibonacci support near $1.00 and noted signs of fading selling pressure, suggesting the decline may be approaching a bottom. This optimistic interpretation contrasts with the bearish warning from Ali Charts.
What Traders Are Watching
The competing technical outlooks leave the outcome dependent on XRP's reaction around the $0.99 to $1.00 support zone. How the token responds at this level will likely determine whether the downside correction continues or stabilizes.
