XRP is under pressure again. The cryptocurrency failed to sustain its recovery attempt from last week, and sellers have regained control near a key resistance zone. This has pushed the asset back toward a major support area.
Daily Chart Shows Descending Channel
On the daily timeframe, XRP continues to trade within a broad descending channel. It remains below both the 100-day and 200-day moving averages. The recent rebound stalled beneath the 100-day MA and the lower boundary of the resistance zone around $1.28 to $1.35. This reinforces the bearish structure on higher timeframes.
The most recent development is the rejection from that resistance area. The price has moved back toward the $1.07 to $1.15 demand zone. This support region has repeatedly attracted buyers throughout June and is now the most important level on the chart.
As long as XRP holds above this zone, the market might continue consolidating within its current range. However, a decisive breakdown below $1.07 would expose the previous swing low. That would significantly increase the probability of another leg lower.
On the upside, buyers must reclaim the $1.28 to $1.35 resistance area before any meaningful trend reversal can be considered.
Short-Term Momentum Deteriorates
The 4-hour chart shows a clear deterioration in short-term momentum. After failing to break above the ascending resistance trendline and the $1.26 to $1.3 supply zone, XRP rolled over and erased most of its recovery gains.
More importantly, the recent rebound from the support zone produced another lower high near $1.25 before sellers regained control. Since then, price has drifted back toward the $1.1 support region and is currently trading near the lower boundary of the range.
The latest candles suggest weakening buying pressure. XRP is struggling to generate any meaningful bounce despite sitting on support. This places greater attention on the $1.07-$1.15 demand zone.
If buyers can defend the current area, another recovery toward $1.2 and eventually $1.26 remains possible. But a breakdown below support would invalidate the recent consolidation structure and could trigger a deeper move lower.
Overall, the short-term outlook has become increasingly defensive. XRP remains trapped below key resistance while repeatedly revisiting support. The $1.07 to $1.15 region is the critical level likely to determine the next directional move.
