XRP Under Heavy Selling Pressure, Break Below Support at $1.01 Threatens Further Decline

Ripple's XRP has been under steady selling pressure as it continues to trade below its descending resistance trendline. The asset remains well below its major moving averages, preserving a broader bearish market structure.

The latest price action suggests that sellers are maintaining control, with buyers being forced to defend the critical support area around $1.01 to $1.04. This zone has repeatedly prevented a deeper decline over the past several weeks and is now the most important level to monitor.

As long as XRP remains below its descending trendline and the main resistance between $1.24 and $1.29, the broader outlook favors continued weakness. A decisive breakdown below the support zone would likely accelerate the decline toward the next major support around $0.89.