XRP traded near $1.03 on Monday, after losing more than 5% last week, and the token now sits below all three major exponential moving averages. With the relative strength index pointing to continued selling pressure, the next big test is the $1.00 support level.
Where the chart stands
XRP's price is below the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37. That stack of resistance overhead keeps the short-term trend bearish. The RSI is near 39, under the neutral 50 but above the 30 oversold threshold, meaning sellers still have room to push further. The MACD indicator is negative as well, confirming the downward momentum.
The $1.00 support line
The round $1.00 figure has become the line in the sand. Buyers need to defend it to prevent a deeper slide. A decisive daily close below that level could accelerate selling and lead to a more pronounced correction. For now, XRP is holding just above it, but the buffer is slim.
Resistance levels and the road back
Any rebound faces a clear set of obstacles. The first is the 50-day EMA at $1.10, which would require a gain of almost 7% from the current price. Above that, the 100-day EMA at $1.18 and horizontal resistance at $1.30 stand in the way. The 200-day EMA at $1.37 is further up, with another resistance zone at $1.90. To reverse the bearish short-term trend, XRP needs to close above the 50-day EMA at $1.10. That would be the first sign that buyers are regaining control.
Whether the $1.00 level holds remains the key question. If it breaks, the next floor is unclear. If it holds, the token still has a long climb ahead.
