XRP on Brink of $1 Loss as Zcash Holds Above Key Threshold

XRP is once again trading close to its psychological support level of $1, and the risk of losing this mark has increased significantly. The asset has fallen below its short-term moving averages, and the small ascending trendline that held throughout July is now under pressure.

The technical picture for XRP has gotten worse over the past few sessions, with the price being rejected by the 50-day EMA after a brief attempt to move back towards it. The overall trend remains bearish, with the 200-day moving average still significantly higher at $1.43.

XRP has been generating lower highs while relying on a progressively rising support line, which frequently resolves with a sharp breakout when the dominant trend is downward. Buyers would need to reclaim nearby resistance around $1.11-$1.12 for a bullish reversal to be supported by volume.

In contrast, Zcash (ZEC) has returned to its psychological threshold of $500 and is currently trading above every significant moving average. The long-term trend remains bullish, with buyers maintaining the overall advantage as long as the price stays above these dynamic support levels.