XRP is trading around $1.03 on Monday, down more than 5% from the previous week. The digital asset remains stuck below its 50-day exponential moving average at $1.10, and the technical picture suggests sellers are still in control.
The Technical Picture
The Relative Strength Index sits near 39, below the neutral 50 mark. That reading points to persistent selling pressure, though XRP hasn't yet entered the conventional oversold zone below 30. The Moving Average Convergence Divergence indicator is also negative, reinforcing the bearish outlook.
XRP is trading under all three key moving averages: the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37. That's a bearish alignment, and it means any bounce is likely to meet resistance on the way up.
The $1.00 Line
The psychological $1.00 level is the critical support to watch. A decisive daily close below that mark could accelerate selling pressure, according to the chart setup. Traders often treat round numbers as emotional battlegrounds, and $1.00 is no exception.
If XRP loses that level, the next support isn't clearly defined in the data. That uncertainty alone could keep buyers on the sidelines.
What Would Change the Outlook
For the short-term picture to improve, XRP needs to reclaim the 50-day EMA at $1.10. That would require a gain of nearly 7% from current levels. It's a big ask given the current momentum, but not impossible if buying volume picks up.
Above that, resistance sits at $1.18 (100-day EMA), $1.30 (horizontal), $1.37 (200-day EMA), and $1.90 (major resistance). Each of those levels represents a potential ceiling where sellers have previously stepped in.
The immediate question is whether $1.00 holds. A close below it would likely open the door to further losses. A bounce from that level, however, could set up a test of $1.10 in the coming sessions.
