$XRP has held at the US$1 level after falling to US$1.01, then rebounding toward US$1.04 as the CLARITY bill sinks further into legislative uncertainty ahead of the September vote.
The psychological floor is still holding, even though this token remains the worst-performing crypto asset among major assets this week.
📈Key Levels That Will Determine the Next Move
Traders using leverage are paying a steep price. About US$9.6 million in liquidations occurred in the market yesterday, with long positions bearing the brunt of the losses.
✴️Recovery happened overnight. XRP was traded near US$1.03, according to BeInCrypto data, with volume only slightly supporting the rise. Activity reached US$1.37 billion, up 3.3%, signaling fresh participation at this level.
Weekly performance is still disappointing. The token is down 2.3% over the last seven days and has plunged 5.6% over the past month, capped beneath the broader market, which has been rising instead.
➡️Resistance is still not far above. Sellers have repeatedly defended the US$1.06 to US$1.08 zone, blocking recovery attempts throughout the week. If that area can be broken, the situation will change. Analysts predict a push toward US$1.12 and then US$1.18, as long as buyers manage to control those levels with consistent volume.
⛔The downside target is also clear. If it fails to hold above US$1, Fibonacci support appears around US$0.97, and the US$0.65–US$0.85 zone will become the next, more significant floor.
#IraqOilExportsFall75% #VIXFallsToJanuaryLow $AAPL.US $AWR.US
The psychological floor is still holding, even though this token remains the worst-performing crypto asset among major assets this week.
📈Key Levels That Will Determine the Next Move
Traders using leverage are paying a steep price. About US$9.6 million in liquidations occurred in the market yesterday, with long positions bearing the brunt of the losses.
✴️Recovery happened overnight. XRP was traded near US$1.03, according to BeInCrypto data, with volume only slightly supporting the rise. Activity reached US$1.37 billion, up 3.3%, signaling fresh participation at this level.
Weekly performance is still disappointing. The token is down 2.3% over the last seven days and has plunged 5.6% over the past month, capped beneath the broader market, which has been rising instead.
➡️Resistance is still not far above. Sellers have repeatedly defended the US$1.06 to US$1.08 zone, blocking recovery attempts throughout the week. If that area can be broken, the situation will change. Analysts predict a push toward US$1.12 and then US$1.18, as long as buyers manage to control those levels with consistent volume.
⛔The downside target is also clear. If it fails to hold above US$1, Fibonacci support appears around US$0.97, and the US$0.65–US$0.85 zone will become the next, more significant floor.
#IraqOilExportsFall75% #VIXFallsToJanuaryLow $AAPL.US $AWR.US