XRP Struggles to Hold Support as Selling Pressure Mounts

XRP is facing a difficult week as recovery attempts continue to fall flat. The price is currently stuck beneath a descending trendline, and bearish sentiment remains dominant across both daily and four hour charts. Buyers are struggling to gain any real ground, leaving the asset vulnerable to further downside.

The current focus for traders is the support zone between $1.01 and $1.04. This area has acted as a floor for the past few weeks, but repeated tests are weakening the defense. If this level fails to hold, the price could quickly slide toward $0.89.

For a trend reversal to occur, the bulls need to reclaim the descending resistance line and push past the $1.24 to $1.29 range. Until that happens, any sudden price spikes are likely to be met with quick sell orders. Watching the $1.01 level is essential for anyone tracking the immediate direction of the asset.