XRP Price Outlook: Can Bulls Defend the $1 Support?

XRP recently saw a dip below $1.07, but a swift recovery shows that buyers are still active in the market. While sellers managed to push the price down from the $1.18 level, the asset has stayed clear of a major breakdown. Right now, the $1 mark serves as a critical support level that investors are watching closely this week.

To flip the current momentum to bullish, XRP needs to establish a higher low and avoid dropping past the $1 threshold. A decline below this point would signal more trouble, but if buyers step in, they have a chance to reverse the trend. Success here depends heavily on an increase in buying volume to counter the recent selling pressure.

Technical indicators provide some reason for optimism. The 3 day RSI is showing a bullish divergence, meaning the price is making lower lows while the RSI is making higher lows. This pattern often suggests that the selling pressure is cooling off. A move back above $1.18 would be a strong signal that the bulls are back in control.