XRP Cracks Under Pressure as $1 Support Zone Takes Center Stage

Ripple's XRP is struggling to maintain its price, currently trading at around $1.03 after a gradual decline into the crucial support zone of $1.01-$1.04.

This area has been tested before, particularly in late June, but the latest approach is marked by relatively weak bullish momentum.

The broader trend remains decisively bearish, with XRP trading inside a large descending channel and below all moving averages on the daily chart.

A convincing breakdown below $1.01 could expose the lower demand zone of $0.88-$0.93, while defending current support could produce another relief rebound, but the asset would still need to reclaim higher resistance levels before the bearish outlook changes.