XRP Support Zone Under Siege as Price Hits $1.01

Ripple's XRP price remains under pressure as it trades near $1.03, testing a critical support area around $1.01-$1.04.

This zone has attracted buyers before, but the broader structure continues to favor sellers, making the current reaction particularly important for the next directional move.

The daily chart shows XRP trading inside a large descending channel and well below all moving averages, with a sequence of lower highs intact.

A convincing breakdown below $1.01 could expose the lower $0.88-$0.93 demand zone, while defending current support could produce another relief rebound.