XRP Traders Brace for Potential Drop Below $1 Support

XRP is currently under significant pressure against both the dollar and Bitcoin. The price is trapped within a descending channel on the USDT chart and sits below its 100 day and 200 day moving averages. This setup indicates that bears are firmly in control of the market direction for now.

The $1 to $1.05 range has served as a crucial support zone for weeks, but interest from buyers appears to be fading. If the price slips below this area, the next major target for sellers sits near $0.90. On the upside, XRP needs to clear $1.25 to gain any real momentum, with the broader resistance waiting up at $1.50.

Looking at the Bitcoin pair, the situation looks even more difficult. XRP recently fell below the key 1,700 sats mark, turning former support into a new barrier for buyers. With the RSI showing no signs of a bullish reversal, traders are keeping a close watch on the 1,500 sats level to see if it can hold against further declines.

While we might see a short term bounce as the price hits these lower support zones, the general trend remains negative. Investors should watch for a decisive break above key horizontal levels to confirm if the market is finally shifting back in favor of the bulls.