XRP Price Analysis: Is a Drop Below $1 Inevitable as Sellers Stay in Control?

Ripple’s XRP remains under steady selling pressure as the latest rebound attempts continue to lose momentum. The recent price action suggests sellers are maintaining control, while buyers are once again being forced to defend a critical support area. Ripple Price Analysis: The Daily Chart The daily chart shows little improvement compared to the previous analysis. The asset continues to trade beneath the descending resistance trendline while remaining well below the major moving averages, preserving the broader bearish market structure. The latest candles indicate that sellers remain in control after another failed recovery attempt, pushing the price back toward the key demand zone around $1.01 to $1.04. This support has repeatedly prevented a deeper decline over the past several weeks, making it the most important level to monitor. As long as XRP remains below the descending trendline and the main resistance between $1.24 and $1.29, the broader outlook favors continued weakness. A decisive breakdown below the $1.01 to $1.04 support zone would likely accelerate the decline toward the next major support around $0.89. XRP/USDT 4-Hour Chart On the 4-hour timeframe, rather than recoveri...