XRP Is Testing the Line Between Fear and a Bottom. ⚡️
$XRP just printed its weakest weekly close in nearly two years at around $1.09, while briefly slipping below the psychological $1 level in August.
That looks ugly—but extreme weakness can also create the conditions for a reversal.
The key zone I’m watching is $1.00–$1.06. Buyers have defended this area multiple times, and recent reports point to large-holder accumulation alongside extremely negative sentiment.
But I’m not calling the bottom yet.
If XRP reclaims $1.06–$1.10 and starts building higher lows, the bottoming thesis gets much stronger. Lose $1 decisively, and downside risk could open toward $0.80–$0.95.
So the question isn’t “Is XRP cheap?”
It’s:
🔥 Are sellers finally running out of ammunition?
That’s what I’m watching next.
$XRP just printed its weakest weekly close in nearly two years at around $1.09, while briefly slipping below the psychological $1 level in August.
That looks ugly—but extreme weakness can also create the conditions for a reversal.
The key zone I’m watching is $1.00–$1.06. Buyers have defended this area multiple times, and recent reports point to large-holder accumulation alongside extremely negative sentiment.
But I’m not calling the bottom yet.
If XRP reclaims $1.06–$1.10 and starts building higher lows, the bottoming thesis gets much stronger. Lose $1 decisively, and downside risk could open toward $0.80–$0.95.
So the question isn’t “Is XRP cheap?”
It’s:
🔥 Are sellers finally running out of ammunition?
That’s what I’m watching next.