The technical outlook for XRP has weakened significantly. With the latest break on the daily chart, it is considered that the possibility of the asset falling below the psychologically critical $1 level in the next 30 days increases. According to the analysis, the price structure observed recently indicates that selling pressure is more prominent than recovery in the short term.
Support zone turned into resistance
The concern that has been expressed in the market for weeks has become more visible with the latest daily chart movement. The approximately $1.30 region, which served as a base in the horizontal course between March and May, was lost. This level turned into a resistance area instead of attracting buyers again, causing the downward movement to gain momentum.
Another element that stood out on the technical chart was that XRP fell below the falling triangle formation. The asset is also trading below its short-term moving averages. The increase in volume during the selling wave also shows that the price movement is fueled by a stronger selling trend, not temporary fluctuation.
Mini dictionary: A falling triangle is a technical formation that occurs when the price approaches a horizontal support line while making gradually lower highs. This structure is viewed as a signal that selling pressure is getting stronger when support is broken.
The loss of the $1.30 support, which is considered critical for XRP, indicates that this region may now act as resistance and downward pressure may continue.
Indicators point to a limited response
Momentum indicators also support the outlook. The Relative Strength Index, or RSI, fell to around 25 and entered the oversold zone. Although this situation raises the possibility of a short-term reaction rise, it is not seen as a permanent change in direction in strong downtrends. In the cryptocurrency market, assets can remain oversold for long periods of time during sharp pullbacks.
At this stage, the most important level stands out at around $1. Although psychological support areas often attract buyer attention, it becomes more likely that the price will move towards these areas when close supports are broken one after another. Considering that XRP is at $1.18, a drop of less than 20 percent is sufficient for a pullback to $1. A move of this magnitude is considered normal for crypto assets, especially during periods of market-wide weakness.
| Level | Technical meaning |
|---|---|
| $1.30 | Lost old support, new resistance zone |
| $1.18 | Current transaction level mentioned in the news |
| $1.00 | Psychological support and possible testing site |
$1 level is on the agenda in the short term
It is stated that if sellers maintain control and there is no strong recovery on the Bitcoin side, XRP may test the $1 region earlier than many investors expect. If this level is clearly broken down, a new wave of forced sales and liquidations may come to the fore. In such a scenario, it may be possible to discuss lower targets.
The current chart structure points to continued pressure rather than a strong recovery in the near term; Therefore, the probability of a test of $1 in the next 30 days appears to have increased.
In the upside scenario, the priority of buyers seems clear. In order to restore confidence, a higher low must first be established and then the area around $1.30 must be reclaimed. Until this happens, every reaction rally risks turning into a new selling opportunity.
In light of current data, the chart does not signal a sudden recovery. The weighted outlook shows that as long as selling pressure continues and market conditions do not change, XRP testing $1 within the next month has become more likely than not possible.
