According to market analyst Paul Bennett, the latest price action in XRP demonstrates that even panic selling has its limits. After a swift drop from approximately $1.30 to near $1.05, many traders predicted that XRP would slip below the psychologically important $1 mark. However, that scenario has not unfolded for now, with XRP holding above this critical threshold.
The 1.05 to 1.10 dollar range gains attention
Data from CoinCodex shows that, at the time of reporting, XRP was trading around $1.15. Bennett emphasizes the significance of the $1.05 to $1.10 range as a vital defensive zone. He views this area as a temporary battleground where selling pressure begins to ease and buyers gradually absorb the incoming supply.
The outlook for XRP does not currently signal a clear bullish reversal. The fact that sellers are losing momentum may indicate a slowdown in the downward trend, but it does not mean that buyers have taken control.
Bennett’s analysis suggests that the inability of price to break lower despite heavy selling could point to waning determination among sellers. Typically, the most vulnerable investors exit the market first, which then triggers a wave of panic selling. The remaining, more resilient participants tend to demand even lower prices to offload their positions. At present, the market has not offered such lower levels.
No trend confirmation until $1.30 is surpassed
The analyst says a meaningful trend change for XRP would require a decisive recapture of the $1.30 area. This price point marked the acceleration of the last major selloff and now serves as clear resistance. Unless this resistance is overcome, the market is seen as merely in a recovery phase rather than a true upward trend.
As a digital asset closely tied to Ripple, XRP is particularly renowned for its use in cross-border payment solutions. The price behavior highlighted here offers a snapshot of how short-term technical levels can impact investor psychology.
| Level | Significance |
|---|---|
| 1.05 to 1.10 dollars | Main defense zone |
| 1 dollar | Psychological support level |
| 1.30 dollars | Strong resistance region |
Broader market conditions are also shaping the course of XRP. Relative stability in Bitcoin has helped limit deeper declines among altcoins; however, this alone is not enough to suggest an imminent upward breakout. After sharp corrections, markets can sometimes remain range-bound longer than investors expect.
If the $1.05 to $1.10 band holds, the most probable scenario is a period of consolidation. Conversely, a clear break below $1 could once again deteriorate investor sentiment and trigger a fresh downward wave.
Currently, XRP has not shown the degree of weakness hinted at by widespread fear, though it has yet to issue a strong signal of reversal. For now, the market appears to be in a pause phase, and it remains unclear whether this reflects a period of accumulation or simply a transient bottom before a more significant correction.
Meanwhile, some analysts are pointing out a growing divergence between price weakness and increasing on-chain activity. If this gap continues to widen, it could play a more significant role in determining how XRP is valued in the future.
