XRP Price Watch: Can It Hold $1 or Is a Drop to $0.90 Coming?

XRP is facing a difficult week as it trades near the psychological $1.00 level. The current market structure remains under pressure, with price action staying trapped in a descending trend. Traders are watching closely to see if the asset can hold this support or if it will fall toward lower levels.

On the daily chart, the picture looks challenging. XRP is trading below key moving averages, and any attempt to bounce has been met with resistance between $1.02 and $1.04. For buyers to regain control, they must push the price above this zone and break past the overhead descending trendline. Without a clear move higher, the market appears to be stuck in a corrective phase.

Looking at the 4 hour charts, sellers still hold the advantage. The price is hovering right around $1.00, and previous support levels near $1.02 are now acting as potential resistance. If the $1.00 level breaks, the next major area for buyers to step in sits between $0.91 and $0.97.

Investors should keep an eye on these specific levels in the coming days. A move above $1.06 would signal that the bearish momentum is fading, but until that happens, the path of least resistance remains to the downside. Caution is advised as the market tests these critical technical boundaries.