According to market analyst Paul Bennett, the latest price movement in XRP shows that there is a limit to panic selling. After the sharp pullback from around $1.30 to around $1.05, many traders predicted that the price would fall below the psychologically important $1. However, this scenario did not happen for now and XRP continued to remain above this level.
The range between 1.05 and 1.10 dollars is monitored
According to CoinCodex data, XRP was traded around $ 1.15 at the time of writing. Bennett considers the $1.05 to $1.10 range as an important defensive band. According to the analyst, this region is a temporary struggle area where the selling pressure weakens and buyers gradually meet the supply coming to the market.
The outlook for XRP does not indicate a clear bullish reversal for now. Sellers losing steam may indicate that the downward momentum is slowing; However, this does not mean that buyers take full control.
According to Bennett’s assessment, the price’s failure to break the downward trend despite intense sales may indicate that the determination on the seller’s side has weakened. Generally, the most vulnerable investors exit the market first, and then the panic wave sets in. The remaining, narrower group of participants demand lower prices to continue selling. In the current chart, it seems that the market has not yet offered these levels.
Direction confirmation may not come before $1.30 is exceeded
According to the analyst, in order for there to be a meaningful trend change in XRP, the $ 1.30 region needs to be reclaimed strongly. This level stands out as the area where the last major selling wave accelerated and is currently acting as resistance. As long as this threshold is not exceeded, it is considered that the market is in a recovery process, but has not yet entered an upward trend.
As a digital asset linked to Ripple, XRP is known for its cross-border payment-oriented usage areas. The price behavior highlighted in the news reflects the impact of technical levels on investor psychology in the short term.
| Level | Importance |
|---|---|
| $1.05 to $1.10 | Main defense band |
| 1 dollar | Level of psychological support |
| $1.30 | Strong resistance zone |
Broader market conditions also continue to influence XRP’s course. The relative stability seen in Bitcoin may limit deeper unraveling on the altcoin side; However, this situation alone does not indicate that a new rise will begin. It is stated that after sharp corrections, markets can remain in the horizontal band for longer than expected.
If the $1.05 to $1.10 range is maintained, the most likely scenario is seen as consolidation. On the other hand, if there is a clear break below 1 dollar, the market perception may deteriorate again and a new downward wave may come to the fore.
In the current outlook, XRP has not produced as weak a breakout as fear indicates; but it did not give a strong signal of return. For this reason, it is reported that the market is in a pause phase for now, and the next significant movement will show whether this area is an accumulation process or a temporary base in a broader correction.
On the other hand, some analysts point to a growing divergence between price weakness and increased network activity. It is stated that if this difference continues to widen, it may gain more importance in the pricing of XRP in the future.
