XRP Price Hovers Near Critical Support as Long Positioning Builds

The XRP price is holding steady near $1.01 as it navigates within a descending structure, prompting traders to focus on its next major move.

With the asset pressed against key support, a successful bounce could open the door towards the $1.05, $1.07 resistance zone.

However, with long positioning already elevated and active-address growth failing to remain sustained, traders should wait for confirmation rather than assume the breakout is guaranteed.

The long/short ratio stands at 3.095, showing a strong long bias among accounts and indicating that bullish positioning is currently dominant.