Ripple’s XRP remains locked in a broader bearish structure, although the latest short-term price action is beginning to show tentative signs of seller exhaustion. The $1 psychological level is now the immediate battleground, with the market approaching an important demand area below.

Ripple Price Analysis: The Daily Chart

XRP continues to trade within the large descending channel that has governed price action for several months. The sequence of lower highs remains intact, and the latest decline has pushed the asset back toward the $1 level after repeated failures to generate sustained bullish momentum.

The broader technical structure therefore remains bearish. The nearest significant resistance sits around $1.11-$1.15, an area that has recently rejected multiple recovery attempts. Above it, the descending channel boundary converges toward the $1.20 region, while the stronger $1.24-$1.29 supply zone represents another major obstacle. Until the asset can reclaim these areas, rallies are likely to remain corrective within the broader downtrend.

On the downside, the price is approaching the major $0.88-$0.97 demand zone. This is the most important support area visible on the daily chart and could attract buyers if the decline extends below $1. A decisive breakdown beneath this zone, however, would expose XRP to a continuation toward the lower boundary of the descending channel.

Overall, there is little evidence of a daily bullish structural reversal yet. The $0.88-$0.97 zone may provide the market with an opportunity to establish a stronger bottom, but buyers would subsequently need to reclaim the overhead resistance structure to confirm it.

XRP/USDT 4-Hour Chart

The 4-hour timeframe presents a more nuanced picture. XRP remains beneath a descending trendline and has lost the former $1.02-$1.03 support zone, which has now turned into an important resistance area. The subsequent decline has taken the price toward $1, where short-term momentum is beginning to compress.

However, a potential bullish RSI divergence is developing. While the asset has continued to print lower lows, the RSI has formed higher lows, suggesting that bearish momentum may be weakening. This does not confirm a reversal by itself, particularly while XRP remains beneath the descending trendline, but it increases the possibility of a short-term rebound.

The immediate bullish scenario would require the price to break above the descending trendline and reclaim the $1.02-$1.03 resistance zone. Such a move could trigger a recovery toward the next supply area around $1.06-$1.07.

Until that happens, the dominant price structure remains bearish. Failure to capitalize on the RSI divergence could result in another leg lower, with the $0.94-$0.97 region representing the next major support zone. Therefore, the divergence suggests weakening selling pressure, but price confirmation is still required before a meaningful reversal can be considered underway.

Source: CryptoPotato