XRP Reclaims $1 Amid Signs of Weakening Seller Exhaustion

XRP has reclaimed the $1 psychological level as sellers show early signs of exhaustion. The asset remains locked in a broader bearish structure, but short-term price action is beginning to indicate weakening selling pressure.

The daily chart shows XRP trading within a large descending channel that has governed price action for several months. The sequence of lower highs remains intact, and the latest decline has pushed the asset back toward the $1 level after repeated failures to generate sustained bullish momentum.

On the upside, the nearest significant resistance sits around $1.11-$1.15, an area that has recently rejected multiple recovery attempts. Above it, the descending channel boundary converges toward the $1.20 region, while the stronger $1.24-$1.29 supply zone represents another major obstacle.

The 4-hour chart presents a more nuanced picture, with XRP beneath a descending trendline and having lost the former $1.02-$1.03 support zone, which has turned into an important resistance area. A potential bullish RSI divergence is developing, suggesting that bearish momentum may be weakening.