XRP is trading near $1.03 after declining approximately 15% over the past week, with the token briefly slipping below the $1 level during recent market volatility before recovering.
Technical analysis suggests XRP's price structure has weakened considerably. The most critical support level sits near $0.99, which marks the lower boundary of a descending price channel. If this level breaks decisively, analysts point to additional support zones around $0.97 and $0.93–0.96, with potential losses extending toward $0.80—roughly 22% below current levels.
According to technical research, XRP's daily Relative Strength Index has fallen into the low 20s, indicating heavy selling pressure. Historical data shows that of 17 previous oversold XRP signals, 70.6% produced positive returns after 90 days, though the median deepest drawdown during those periods reached 21.8%.
For a potential recovery, XRP would need to clear resistance at $1.09–1.11, followed by $1.15–1.16. Breaking above $1.20–1.25 with stronger buying volume could open a path toward $1.38.
The broader cryptocurrency market has also come under pressure, with Bitcoin falling below $69,000 amid inflation concerns, fund outflows, and liquidations weighing on investor sentiment.
