Ripple Price Under Pressure at $1 Mark

Ripple's price continues to face downward pressure, trading at $1.01, just above the psychologically significant $1 mark. In recent days, XRP has seen its local lows breached, a clear sign of selling pressure.

According to technical indicators RSI and MACD, bearish crossovers have formed, indicating ongoing selling pressure. However, the weak momentum suggests uncertainty among bears.

The Elliott Wave analysis is also bearish, suggesting that XRP may still be in a downward wave 5. A prolonged fifth wave remains possible before the larger C-wave is completed.

Support levels are crucial at this point, with the $1 mark being a key short-term indicator. A sustained break below this level could open the way for a move into the next support range between $0.75 and $0.93.