XRP is currently trading around $1.07, below its 26, 50, 100 and 200-day moving averages, with the 200-day EMA at $1.39. The critical zone for the next seven days is between $1.00 and $1.03, a level that has attracted buyers several times since the June crash. The RSI at around 45 indicates that XRP is neither overbought nor oversold, leaving room for another wave of selling before technical conditions become stretched. Volume has been steadily decreasing over the past two weeks, suggesting both buyers and sellers are awaiting a catalyst. If XRP manages to defend this zone, a rebound toward the 50-day EMA at $1.10-$1.12 is possible, but a sharp close below $1.00 on high volume could trigger bearish acceleration.
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