XRP's price action continues to weaken, slipping below multiple major moving averages as it tests the critical $1.14 to $1.18 support zone. Data from TradingView shows XRP trading beneath the 10-day exponential moving average (around $1.27), the 10-day simple moving average (~$1.28), the 50-day EMA ($1.36), and the 200-day averages above $1.60. This layered resistance setup explains the weak recovery attempts in recent sessions.
Bearish Structure Intact as Support Nears Breaking Point
Analysts tracking technical patterns report that XRP is now probing the $1.14–$1.18 region, a level that, if lost, could open the door to a quick drop toward $1.00. Below that, the $0.90–$1.10 range is flagged as a key demand area on higher timeframes, historically overlapping with major accumulation zones. If the current decline accelerates, attention will likely shift to this band.
On three-day charts, XRP is approaching what traders describe as an "oversold" or "discounted" zone. Still, overall market structure remains fragile. The price has repeatedly failed to break above a long-term descending trendline, a barrier that has capped rallies for months. Sellers clearly retain control.
Oversold Signals Emerge, But No Bottom Confirmed
Despite the bearish backdrop, some oscillators indicate XRP may be entering oversold territory. The Relative Strength Index (RSI) 14 has dropped to 24.26, a level technically below the oversold threshold of 30. Such readings can suggest selling exhaustion or a potential pause. However, other indicators paint a mixed picture: the Commodity Channel Index sits at -232, while Momentum 10 and MACD continue to flash selling pressure. Only the Williams %R offers a rare short-term signal hinting at a possible buyer return. Most indicators have not yet confirmed a definitive bottom.
Why $0.92 Matters for XRP's Next Move
Analysts highlight the $0.87–$0.92 band as the next key target if current support fails. A Fibonacci retracement level near $0.92 adds technical weight. Pivot analysis also shows support at $1.097 and further down at roughly $0.811. On Binance's four-hour chart, XRP has been trending lower since its May peak, unable to form higher highs. A break of the $1.14–$1.18 support could first target the liquidity pocket around $1.00, then $0.92.
Daily trading volume still exceeds $3 billion, indicating sustained interest. For a short-term recovery, XRP would need to reclaim $1.30 with strong volume—a move that could overcome several technical hurdles and form a temporary bottom. Upside resistance levels to watch afterward are $1.50, $1.67, and $1.95.