$XRP is testing one of the most important support levels of the past several weeks, and it is barely holding on.
The $1.13 level on the weekly chart has acted as crucial support for $XRP over the past one to two weeks. Right now, the price is right up against that line, and the longer-term bearish trend has still not been reversed, meaning the pressure remains to the downside.
What Happens If $1.13 Breaks
If $XRP confirms a break below $1.13 and fails to recover back above it, the next major target sits between $0.90 and $1.00. That zone would mark a significant new low for the cycle.
On the shorter four-hour chart, $XRP has already broken below a smaller support level that had been holding for some time, dropping straight down toward the $1.13 zone as expected. If $1.13 gives way before the bigger weekly support breaks, there is some minor support sitting between $1.08 and $1.10, giving the price a small cushion before the more significant $0.90 target comes into play.
Why This Is Happening
$XRP tends to follow Bitcoin’s price action closely in the short term, and Bitcoin’s current weakness is dragging $XRP and most other altcoins down with it. None of this is happening in isolation.
The Bottom Line
$XRP is hanging on by a thread right now. The $1.13 level is the line that matters most this week. Hold it, and there is room to stabilise. Lose it, and the path toward $0.90 to $1.00 opens up quickly.
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