XRP Price Risks Dropping Below $1 as Momentum Fades

XRP is currently facing significant selling pressure as it trades near $1.08. The asset has spent recent weeks moving sideways within a consolidation range between $1 and $1.25. While buyers have managed to defend the $1 mark, the coin continues to trade below its 100 day and 200 day moving averages, which signals that the broader market trend still favors the bears.

The situation looks even tougher for XRP when measured against Bitcoin. The XRP/BTC pair has consistently printed lower highs and lower lows over the last year. By recently dipping below the 1,720 sats support level, the token shows clear signs of underperforming against the broader market. Current technical indicators like the RSI suggest that sellers are still firmly in control of the direction.

Traders should watch the $1 level closely on the dollar chart, as a breakdown here could lead to deeper losses. On the upside, XRP needs to reclaim the $1.25 resistance to shift the current momentum. Until the token can break out of its long term descending channel, the outlook remains cautious for those looking for a recovery.