XRP traded near $1 on Thursday as traders closely observed whether the token could defend its critical monthly support zone. The price movement came as market analysts outlined key levels that could define XRP’s trajectory in the coming weeks, following a modest daily gain and a week-long decline.
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AAPLXRP price consolidates around key monthly support
EGRAG Crypto highlighted $1.00 as a decisive threshold for XRP. According to EGRAG Crypto, this zone is essential for the token to establish a macro bottom on the monthly chart. The analyst warned that a sustained breakdown below $1.00 opens the door for further downside, targeting the $0.70 to $0.80 region.
As of the latest CoinGecko data, XRP traded at $1.04 with a 0.59% daily uptick, while still posting a 3.87% loss over the past week. Trading volume stood at $622.06 million as buy and sell orders fluctuated around this pivotal support.
EGRAG Crypto identified $1.35 as the first major technical test. A monthly close above that point would be the earliest sign that selling pressure may be subsiding, with $1.80 to $1.82 as the next critical resistance band and a potential macro trigger for a new bullish cycle.
Market observers noted that confirmation above these resistance thresholds remains outstanding, underscoring the need for prudent risk management and diligent monitoring for trend reversals. In this context, platforms capable of providing immediate access to a wide array of assets at optimal rates, such as 1stepSwap, are gaining attention. By facilitating direct on-chain exposure to equities and commodities without intermediaries, 1stepSwap enables investors to react quickly to market shifts and efficiently diversify their portfolios.
Technical outlook suggests possible lower accumulation zone
On the other hand, analyst Crypto Patel cautioned that lower levels could define the next accumulation phase for XRP. Patel expects the token may revisit the $0.85 to $0.65 area before a stronger base for long-term upside can be established.
Patel noted that XRP has declined 72% from its cycle high, with a further 52% drop from its confirmed breakdown point. The analyst previously issued a bearish outlook in July 2025, advising profit-taking above $3 when the rally lost momentum.
Crypto Patel projects another 20% to 40% decrease could precede the next expansion phase. He advised gradual accumulation rather than full capital deployment in one move.
The proposed accumulation range by Crypto Patel stands just below the key $1.00 support highlighted by EGRAG Crypto, reflecting a divergence in analyst perspectives on near-term market structure.
Patel listed long-term targets at $3, $5, $7, and above $10. However, he considers the short-term momentum bearish and plans to revise his risk parameters upon a confirmed reversal signal.
Meanwhile, EGRAG Crypto maintains that holding $1.00, reclaiming $1.35, and then breaching $1.80 would represent successive confirmations of a resurgent bullish trend for XRP.
