XRP is trading at $1.15, stuck below all major moving averages as the token faces mounting technical pressure. Open interest continues to decline, and the MACD indicator has flatlined in negative territory — a setup that suggests momentum remains weak. While a short-term relief bounce toward the $1.17–$1.20 zone is still possible, traders are increasingly eyeing the $1.08 level as the next real test for the cryptocurrency.
Where XRP Stands Now
The price action tells a clear story. XRP sits beneath every key moving average — the 50-day, 100-day, and 200-day — a configuration that technical analysts often interpret as a bearish signal. The MACD line is drifting sideways below the signal line, confirming that buying pressure hasn't returned. Meanwhile, open interest in XRP futures contracts is shrinking, a sign that speculative interest is cooling and that fewer traders are willing to take directional bets.
What's Driving the Weakness
None of these indicators are new. The decline in open interest has been building for weeks, reflecting a broader retreat from risk-on assets across crypto markets. The flatlining MACD adds to the picture: it doesn't show accelerating selling, but it also offers no hint of a reversal. XRP is effectively drifting in a low-volatility rut below its moving averages, waiting for a catalyst that hasn't arrived.
Short-Term Relief in Sight?
That doesn't mean a bounce is impossible. A relief rally toward $1.17–$1.20 is widely anticipated by market participants watching oversold conditions. Such moves often happen quickly and can catch short sellers off guard. But they tend to be short-lived without a fundamental shift — a development that, so far, hasn't materialized. The bounce, if it comes, would likely run into resistance just above $1.20, where sellers have stepped in before.
The $1.08 Level
Below current prices, the number to watch is $1.08. That's the next major support level — the zone where buyers have previously stepped in to defend the token. If XRP slips through that floor, the technical damage would deepen, and the path lower could open up. For now, the market is waiting to see whether the anticipated bounce breathes life into the token or simply sets up another leg down.
