XRP Bounces Off Intraday Low, but Weekly Damage Remains

XRP has steadied near $1.08 after a weekly pullback that saw it dip as low as $1.0785.

The token, which is tied to cross-border payment settlement, faced selling pressure this week that erased most of its monthly gains and left it marginally higher than four weeks ago.

However, in the past few hours, XRP has shown signs of buying interest, with price rising on heavier volume than previous days. This marks a shift from the tone of the past week, which saw XRP trade near the bottom of its recent range rather than the top.

The current near-term chart shows that the $1.0785 low is a key level for buyers to hold onto, while the $1.0895 high remains a ceiling for the bounce. A push through this level could open up the round $1.09 handle and potentially even the highs from earlier in the month.