Crypto
XRP Hits $1 Support, Risks Deep Slide to $0.60
XRP continues to face bearish pressure as it tests $1 support and risks a deeper slide toward $0.60.
According to Ripple analysis, XRP remains under seller control, with the token trading near $1.04 after losing ground around the former $1.10 support zone.
The 100-day and 200-day moving averages on both major pairs remain below XRP, indicating a bearish structure that shows no signs of reversal.
CryptoPotato analyst Shayan Markets notes that XRP's broader trend still favors sellers, with the token extending a months-long decline inside a descending channel.