XRP has retreated back to the $1.18 region after its recent rallies lost steam. Now, the market focus is on whether the critical support zone between $1.14 and $1.18 can hold. If this band fails, analysts warn of a potential decline first toward $1.00, and possibly further down to $0.92.
XRP trading below major moving averages
Technical indicators show that downward pressure remains strong for XRP across various timeframes. According to TradingView data, XRP is currently trading below most important short- and long-term moving averages. This ongoing bearish structure helps explain why recent recovery attempts have been weak.
The 10-day exponential moving average stands at around $1.27, while the 10-day simple moving average is near $1.28. Further above, the 50-day exponential moving average is at $1.36, and the 200-day averages are holding above $1.60. This setup highlights a layered resistance area ahead of the price.
Analysts observing technical patterns report that XRP is testing the critical $1.14 to $1.18 support zone. Should this area break downwards, they note, a new move toward $1.00 may quickly come into play.
$0.90 to $1.10: Key demand range under watch
Some analysts are highlighting the $0.90 to $1.10 range as an important demand area on higher timeframes. Historically, this region has overlapped with major accumulation zones and levels where buyers have stepped in. For this reason, if the current declines intensify, attention could soon shift toward this range.
On the three-day charts, XRP is approaching what technical traders describe as an “oversold” or “discounted” area. However, market structure overall remains fragile. The inability of the price to sustainably break above a long-term descending trendline—an obstacle to rallies for months—signals that sellers are still in control.
Oversold signals emerge in indicators
Although the broader trend remains negative, some oscillators suggest that XRP is nearing oversold territory. The RSI (Relative Strength Index) 14 has dropped to around 24.26. In technical analysis, readings below 30 are typically interpreted as oversold and may hint at a pause or exhaustion in selling.
Mini glossary: RSI is a momentum indicator measuring the speed and strength of price movements. Readings below 30 generally indicate oversold, while values above 70 mean overbought conditions.
Other indicators paint a more mixed picture. The Commodity Channel Index sits at minus 232, while Momentum 10 and MACD (Moving Average Convergence Divergence) continue to signal selling pressure. In contrast, the Williams %R offers a rare short-term signal pointing to a possible return of buyers. Yet, most indicators have not confirmed a definitive bottom.
Why is the $0.92 level significant?
Analysts identify the $0.87 to $0.92 band as the next significant target region in the event of a loss of current support. With an important Fibonacci retracement level near $0.92, this area becomes more technically noteworthy. Pivot analysis also points to support around $1.097, and, further down, at approximately $0.811.
On Binance’s four-hour charts, XRP has been steadily declining since its May peak and has struggled to form higher highs. If the $1.14 to $1.18 support cracks, the market could first target the liquidity pocket around $1.00, then $0.92. However, with daily trading volume still above $3 billion, the asset continues to see significant interest.
For the short-term outlook to improve, analysts note that XRP needs to reclaim $1.30 with strong volume. Such a move could help the price overcome several technical barriers and strengthen the possibility of a temporary bottom. Follow-up resistance levels would be $1.50, $1.67, and $1.95.
