XRP Price Faces Pressure as Support Holds by a Thread

XRP is struggling to maintain its footing after a failed rebound sent the price back toward a major support zone. The token is currently trading within a descending channel on the daily chart, stuck below both its 100 day and 200 day moving averages. This technical setup indicates that sellers are still in the driver seat, making any short term gains look like small corrections rather than a trend reversal.

The price recently found some interest near the $1.02 to $1.04 support area. While buyers managed to stop the bleeding here, the recovery lacks strength as long as the coin stays below the key resistance levels of $1.24 to $1.28. If bulls fail to clear these hurdles, the momentum will remain firmly in the favor of those betting on lower prices.

Looking at the 4 hour chart, the recent break below a key trendline shows that buyers have lost their short term advantage. XRP is currently retesting the $1.08 to $1.09 zone, which shifted from support to resistance. Traders should keep a close eye on this region, as a rejection here could quickly push the price down toward the $0.89 level. A clean break above $1.09 would be the first sign that buyers are ready to fight back for higher ground.