XRP Price Sinks Below Key Support Level Amid Ongoing Selling Pressure

XRP's price remains stuck below $1.10 as sellers continue to control key technical levels, according to recent analysis from Brave New Coin.

The token is currently trading near $1.07 on the Bitstamp XRPUSD market, down around 2.7% in the last 24 hours.

A bearish break of structure (BoS) on the four-hour chart has placed $1.045 in focus as the next notable downside level, and XRP's short-term market structure remains tilted lower due to its trading below several moving averages.

The Relative Strength Index (RSI) is around 43, indicating present but not extreme selling pressure, while momentum indicators are less decisive.