XRP on Verge of Entering $1 Zone

XRP Teeters on the Brink as Bearish Pressure Mounts

The cryptocurrency XRP has been navigating a precarious path, with its price action dangerously close to collapsing below critical support levels. After failing to break through a persistent descending trendline that has held for months, XRP has declined further and is now trading around $2.17.

Charts reveal a classic descending triangle pattern, with each breakout attempt met by heavy selling pressure. The blue downtrend line has repeatedly stifled bullish momentum, and without a surge in buying interest, the market could soon face a major capitulation event.

XRP is currently holding onto the $2.15-$2.10 support zone—a crucial level to monitor. If this area fails, the next psychological threshold at $2.00 will likely be tested. A drop below $2.00 could trigger a steep decline toward the $1.80-$1.70 range, with the $1.00 mark becoming a looming threat.

The 100-day and 200-day EMAs now act as resistance rather than support, and the RSI dipping below 40 signals weakening momentum. If buyers don’t step in soon, panic-selling could accelerate, further eroding XRP’s value.

For bulls, the path forward is straightforward: decisively break the descending trendline and reclaim the $2.30-$2.35 range. Without this reversal, XRP risks a short-term breakdown, potentially forcing a last stand before the $1.00 support zone comes into play.