XRP shows a weakening picture in the short-term technical outlook. The price falling below the ascending channel indicates that the $1.00 level may come to the fore again if buyers cannot maintain the current support. However, some indicators show that a reaction may be possible if the selling pressure slows down.
Technical thresholds stand out
XRP is trading at $1.09 as of July 12, 2026. The asset’s 24-hour trading volume is $997.07 million and its market value is $68.30 billion. The 1.18 percent decline in the last 24 hours reveals that the selling pressure in the market continues.
ChartNerd notes that on the four-hour chart, XRP broke below the ascending channel and is now testing the critical ascending support line. In technical analysis, such support zones are closely watched for short-term direction. If the support cannot be maintained, the possibility of the price falling to the psychologically important level of $ 1.00 may increase.
If XRP remains above the current support and breaks the $1.15 resistance again, the bearish scenario may weaken and a reaction rally may begin.
Indicators give mixed signals
Despite the recent pullback in price, technical indicators do not present a completely one-sided outlook. RSI, known as the Relative Strength Index, is at 44.41 while the signal line is measured at 44.85. The fact that the RSI remains below the 50 threshold indicates that buying appetite is still limited. Still, there is a partial slowdown in selling pressure compared to previous sessions.
Mini dictionary: RSI is a momentum indicator that measures the speed and strength of price movement. MACD, on the other hand, monitors the relationship between short- and long-term moving averages and produces signals as to whether the trend is strengthening or not.
On the MACD side, a more balanced picture stands out. While the MACD line remains at minus 0.01474, it is minus 0.02026 above the signal line. The fact that the histogram is 0.00552 does not completely eliminate bullish momentum; However, this suggests that the momentum is starting to weaken. It is considered important for buyers to protect this intersection for a possible recovery.
Levels to watch in the near term
Evaluating the technical data together shows that the search for balance in XRP continues. For a more permanent recovery, only a decrease in sales pressure is not considered sufficient. In addition, purchasing power must increase significantly and the price must move above the resistance levels again.
Therefore, the upcoming transactions may be decisive for the short-term direction of XRP. A recovery area may open if buyers defend the current ascending trend line and push the price above $1.15. Otherwise, breaking the support could lead to a retest of demand around $1.00.
If the positive intersection on the MACD indicator is maintained, the possibility of the upward movement in XRP gaining strength again will remain on the table.
