XRP Price Struggles Below $1.10 Amid Bearish Break
XRP is struggling to maintain a sustained recovery above $1.10 as sellers continue to control key technical levels.
The token's price has been hovering around $1.06-$1.08, leaving it close to a crucial support area with its short-term market structure tilted lower.
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 is also trading below several short- and long-term moving averages.
Despite this, momentum indicators suggest that selling pressure is present but not yet extreme, with the 14-period Relative Strength Index (RSI) at around 43 and the broader oscillator reading remaining neutral.