XRP is trading near $1.03 after slipping into the $1.01-$1.04 support zone. The broader trend remains bearish, with the price inside a descending channel and below all moving averages. A breakdown below $1.01 could expose the $0.88-$0.93 demand zone.
Support Zone Under Pressure
On the 4-hour chart, XRP broke into the $1.01-$1.04 support and briefly dipped to roughly $1.02. It's now consolidating near $1.03. The previous rebound was rejected around $1.14-$1.15, before reaching the $1.24-$1.29 resistance zone. That rejection left the market vulnerable, and the current slide has brought the price back to a level that traders are watching closely.
The descending channel that has guided XRP lower for weeks remains intact. With the price below all moving averages, the path of least resistance appears to be down. Still, the $1.01-$1.04 zone has held so far, and the consolidation near $1.03 suggests some buyers are stepping in.
Resistance Levels to Watch
The first meaningful improvement requires reclaiming the descending trendline, which is currently approaching the $1.07 area. That's a near-term hurdle, but the more important resistance sits at $1.13-$1.15. The previous rally was rejected there, and a move back to that zone would need to break through both the trendline and the prior swing high to signal a real shift in momentum.
Until then, the bearish structure dominates. The price is below every moving average, and the descending channel has not been violated. Any bounce is likely to face selling pressure at these levels.
What a Breakdown Would Mean
A decisive loss of the $1.01-$1.04 support would confirm bearish continuation toward sub-$1 levels. The next demand zone sits at $0.88-$0.93, a region that has historically attracted buyers. If that support fails, the downside could extend further, but the facts only point to that zone as the next target.
Traders are watching the $1.01 level closely. A daily close below it would likely trigger a fresh wave of selling, pushing XRP into the $0.90s.
Recovery Scenario
On the flip side, a strong rejection from support and a breakout above the descending trendline could initiate a recovery toward $1.13-$1.15. That would require a sustained push through $1.07 first, and then a test of the resistance zone that has already rejected the price once.
For now, the market is in a holding pattern. The next move depends on whether the $1.01-$1.04 support holds or gives way. A break below that level would open the door to lower prices, while a bounce could set up a retest of the trendline and the resistance above.
