While XRP continued to remain above the $1 level, which is considered psychologically important, attention in the market turned to whether this support could be maintained. According to Bitstamp data, the price traded around $1.09 and the increase during the day was limited to 0.18%. However, the downward trend in recent weeks has caused the general outlook to remain fragile.
Critical support zone is being watched in XRP
Analysts state that XRP is gradually approaching the $1.00 region, which stood out as an important breaking point about two years ago. For this reason, the area in question is seen as one of the first strong supports where buyers can re-engage.
On the four-hour chart, the $0.95 level also stands out as a separate support area. On the technical analysis side, the price structure is considered to resemble a terminating diagonal formation, which is often associated with trend fatigue.
Mini dictionary: The terminating diagonal is often viewed in technical analysis as a price formation that indicates that the current trend is losing its strength. A turn signal alone doesn’t count; Additional confirmation is usually sought, such as a reaction from support followed by a breakout of resistance.
Market analyst ew Forecast emphasizes that this structure may suggest that selling pressure is maturing, but the downtrend cannot be considered over until there is confirmation of a turnaround in the broader market outlook.
According to analysts, a clear move below $0.90 could weaken the potential recovery scenario and pave the way for a deeper correction.
A sharp slowdown was observed in whale transactions
Along with the charts, on-chain data also pointed to a significant slowdown on the part of large investors. According to Ali Martinez’s post based on Santiment data, the number of daily transactions over 1 million dollars on XRP Ledger decreased from approximately 70 at the beginning of the week to 2 on the last trading day. Santiment is known as a research platform that provides on-chain data and behavioral analysis for the crypto market.
| Indicator | Before | latest situation |
|---|---|---|
| Daily XRP transactions over $1 million | About 70 | 2 |
This decline alone does not mean aggressive selling. The data shows that more large wallets are becoming less active in the short term. Such periods may occasionally accompany a horizontal course or a decrease in volatility. On the other hand, it may also indicate that some large investors are waiting for a stronger signal before taking new positions.
The sharp decline in XRP Ledger transactions above $1 million indicates a significant slowdown in major investor activity.
Cautious outlook remains in technical indicators
Although the overall rating appeared neutral in the TradingView technical summary, the lower breakdown revealed a cautious picture. The platform has 14 sell, 10 neutral and 2 buy signals. The sales weight is maintained in the one-week and one-month views.
On the oscillator side, the picture is more balanced. RSI was in the neutral zone at 43.45, Stochastic %K at 42.36, CCI at plus 8.11 and ADX at 14.74. While the momentum indicator produced a sell signal, MACD gave a buy signal. Although this structure suggests that the selling pressure may slow down, it does not yet provide a clear trend reversal confirmation.
Resistance and support levels stand out
Moving averages paint a weaker picture. The 10-period EMA is at $1,098, the 20-period SMA is at $1,087, the 50-period EMA is at $1,161, and the 200-period EMA is at $1,468. The fact that most of these averages remain above the price indicates that the downward trend continues on a broader scale.
In the pivot analysis, the central level stands out as $ 1,128, while the resistance points are listed at $ 1,249, 1,459 and $ 1,790. Below, $ 0.918, 0.798 and $ 0.467 supports are watched. In the short term, the range between $1.00 and $0.95 is followed as a support area, while the range between $1.10 and $1.13 stands out as the immediate resistance area.
