XRP’s rebound has given way to another sharp selloff, with the price falling toward $1.16 after losing a key support zone. Sellers retain control across both timeframes, while the next major demand area is approaching below. Ripple Price Analysis: The Daily Chart The daily chart shows a clear continuation of XRP’s bearish structure. The recent recovery into the $1.30–$1.34 supply zone was aggressively rejected, triggering a breakdown beneath the $1.24–$1.28 support area. Several consecutive bearish candles have since carried the price toward $1.16, with little sustained buying response. The next significant demand zone sits around $1.09–$1.14, corresponding to the base of August’s strong advance. This area could attract buyers and produce a relief bounce, but a reversal would require stronger follow-through than the recent candles have shown. A sustained breakdown below $1.09 would expose the broader $0.99–$1.03 support zone around the August lows. On the upside, the broken $1.24–$1.28 region is now an important potential resistance area. Recovering it would ease immediate downside pressure, although the $1.30–$1.34 supply zone remains the more significant barrier to a broader stru...
Ripple Price Analysis: Could XRP Crash to $1.00 Next Week as Sellers Remain in Control?
22 hours ago
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