XRP Price Hits Bearish Barrier at $1.07 Amid Exhaustion in Market Momentum
XRP's price has been stuck at $1.07 against USDT on July 31, 2026, reflecting bearish pressure in the market.
The technical analysis shows that XRP is trading below all major daily moving averages, including EMA20 at $1.09, EMA50 at $1.13, and EMA200 at $1.42, indicating a downtrend.
The RSI on the daily chart sits at 42.47, which is below the neutral 50 line and suggests ongoing weakness in the market.
The MACD on both the daily and hourly charts shows flatness, indicating exhaustion of momentum in the market.