XRP Hovers at $1.00 as Sellers Tighten Grip on Market

XRP is trading around $1.00 as sellers control both short- and long-term timeframes.

The daily volume has increased by 46% to $1.18 billion, but the price remains at risk of a drop toward $0.94 and the $0.94, $0.86 demand zone if it breaks below $1.00.

The MACD line is below the signal line, indicating an active downtrend with expanding downtrend lines, making long trades risky for now.

Despite being in oversold territory at 29.49 on the daily Relative Strength Index, a reversal is not yet confirmed, and traders should wait for further signs before entering long positions.