$XRP is currently trading around $1.006 on the 1H chart, and the price action has been quite weak over the past few days.
After falling from above $1.05, XRP has been making lower highs and gradually losing momentum.
However, the chart is now showing a period of consolidation around the $1..00 level. This is an important area because buyers have repeatedly stepped in around here, preventing a deeper breakdown.
The zone I’m watching is around $1.02–$1.025. If XRP can reclaim this area with strength, I’d be interested in seeing whether it can push toward $1.04 and potentially retest the previous highs around $1.05.
But there is another side to this setup. The chart suggests that even if XRP gets a short-term bounce into the $1.02–$1.03 region, sellers could still use that area to push price back down toward $1.00 or slightly below it.
So for me, the key is confirmation. I wouldn’t chase the current move around $1.00. I’d rather watch how XRP reacts around the marked resistance zone and whether buyers can actually turn it into support #Ripple #XRP #DeFi
After falling from above $1.05, XRP has been making lower highs and gradually losing momentum.
However, the chart is now showing a period of consolidation around the $1..00 level. This is an important area because buyers have repeatedly stepped in around here, preventing a deeper breakdown.
The zone I’m watching is around $1.02–$1.025. If XRP can reclaim this area with strength, I’d be interested in seeing whether it can push toward $1.04 and potentially retest the previous highs around $1.05.
But there is another side to this setup. The chart suggests that even if XRP gets a short-term bounce into the $1.02–$1.03 region, sellers could still use that area to push price back down toward $1.00 or slightly below it.
So for me, the key is confirmation. I wouldn’t chase the current move around $1.00. I’d rather watch how XRP reacts around the marked resistance zone and whether buyers can actually turn it into support #Ripple #XRP #DeFi