XRP Price Analysis: Sellers Maintain Control as Buyers Struggle to Reclaim Support
Ripple's XRP continues to trade under selling pressure as buyers struggle to reclaim control.
The asset remains below the descending resistance trendline and major moving averages, preserving a bearish market structure.
The recent price action shows sellers maintaining control after another failed recovery attempt, pushing the price back toward the key demand zone around $1.01 to $1.04.
This support has repeatedly prevented a deeper decline over the past several weeks, making it the most important level to monitor.