XRP's Descent into Danger: Will It Fall Below $1 Without Breaking Major Resistance?

XRP has fallen back toward a key support region after failing to sustain its recent rebound. The price of XRP is trapped below major resistance, indicating that sellers control the trend and signaling risk for traders and DeFi participants.

The technical picture for XRP remains bearish, with the crypto token trading inside a long-term descending channel while remaining below both the 100-day and 200-day moving averages. The recent rejection from the upper portion of the range reinforces that sellers are still controlling the broader trend.

According to CryptoRank, unless XRP breaks this barrier, it risks falling below $1. This would be a significant drop for the asset, which has already seen its price decline in recent times.