XRP is trading at $1.08, slipping below a cluster of bearish moving averages that have been weighing on the token for days. The next major floor sits at $1.06, and if that breaks, the psychologically important $1.00 level comes into play.
Technical pressure mounts
The $1.08 price puts XRP under a stack of short- and medium-term moving averages — a configuration traders often read as a sign of continued weakness. The token has failed to reclaim any of those averages, leaving the path of least resistance pointed lower.
Below $1.06, there is little in the way of established support until the round number at $1.00. A break below that could accelerate selling, though some buyers may step in at the psychological barrier.
Odds favor more downside
Market participants are pricing a 60% chance of further declines against a 40% chance of a bounce, according to data cited by analysts. That 60/40 split reflects the bearish technical setup and the lack of a clear catalyst to reverse the trend.
No major news from Ripple or regulators has emerged in the past 24 hours to shift sentiment. The token continues to trade in line with broader crypto market moves, which have been cautious this week.
For now, the $1.06 level is the one to watch. If it holds, XRP could attempt a recovery toward the moving averages. If it doesn't, the $1.00 mark becomes the immediate test.
