XRP Reclaims $1 as Sellers Show Early Signs of Exhaustion

Ripple's XRP has reclaimed the $1 psychological level after a decline that pushed the asset toward this crucial support area. Despite the broader bearish structure, short-term price action is showing early signs of seller exhaustion.

The daily chart shows XRP trapped in a large descending channel that has governed price action for several months. The sequence of lower highs remains intact, and recent declines have brought the asset close to the $1 level, which has been repeatedly tested but failed to generate sustained bullish momentum.

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.

A more nuanced picture emerges on the 4-hour chart, where XRP remains beneath a descending trendline and has 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 weakening bearish momentum, but price confirmation is still required before a meaningful reversal can be considered underway.