XRP Price Stuck in Corrective Structure as Support Zone Comes Under Pressure
XRP's price remains in a corrective structure, with the token trading near $1.00 after months of lower highs and lower lows. The current support zone is being tested, which could trigger a relief move if held.
The XRP/USDT daily chart shows the price inside a descending channel and below the 100-day and 200-day moving averages. This keeps the broader market structure tilted to the downside.
XRP is currently testing the $1.00 support zone, which has acted as a local floor during recent consolidation. Holding this area could give buyers an opportunity to build a base and initiate a recovery toward the first major resistance at $1.25-$1.30.
A breakout above the descending channel and the $1.30 supply zone would improve the technical picture and could open the door toward the $1.50-$1.60 resistance area. However, as long as XRP remains below the $1.25-$1.30 area, the prevailing downtrend remains intact.