XRP Price Trapped Below Major Averages as Bears Take Control

XRP's price has been stuck at $1.08 for some time, and technical analysis suggests that it may be in structural retreat rather than building towards a breakout.

The token is currently below its 20-day moving average at $1.09, its 50-day moving average at $1.11, and significantly under its 200-day moving average at $1.35. This stacked resistance is a sign that the weight of supply is parked in this area.

Momentum has also become stagnant, with the MACD line and signal converging into near-identical readings below zero. The RSI is grinding just under 47, indicating that buyers haven't yet capitulated hard enough to create an oversold extreme, but they haven't shown up with conviction either.

The Bollinger Band positioning also seals the bearish read, as XRP is hugging the lower hemisphere of its band range. This suggests that the token is being quietly distributed towards support, rather than experiencing compression ahead of expansion.