XRP price is trading near the $1.00 level as the cryptocurrency enters another important technical phase. The latest chart analysis by the crypto analyst has detected a narrow decision zone that could decide if XRP starts recovering or continues declining.
Currently, XRP is trading at the $1.00 mark with a 24-hour trading volume of approximately $1.30 billion and a market capitalization of about $62.81 billion. The token takes up roughly 2.90% of the whole crypto market, whereas its price rose by about 0.04% during the last 24 hours.
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XRP Price Targets $1.18 for Confirmation
Recently, EGRAG CRYPTO has pointed out that in the case of XRP, where several major moving averages are converging with trend lines and triangle formations. The 21-day, 50-day, 100-day, and 200-day exponential moving averages converge in the present structure.
The analyst the setup as the presence of multiple formations inside each other. Not one trend line, but multiple small structures located inside of the bigger picture are seen on the chart.
According to the EGRAG, the key upside level that should be watched out for XRP is $1.18. It is said that if the price closes above this mark on the daily or higher time frames, it will strengthen the technical picture of the asset.
XRP Risks $0.85 and $0.77 if Support Breaks
XRP price could face further downside if it loses its current support zone, and $0.85 and $0.77 are identified by the analyst as potential target points. These are technical scenarios and not some guaranteed target, but the potential fall from the $1.00 region.
XRP also remains below the major $1.40 weekly resistance, keeping the broader structure vulnerable. A move above $1.18 could signal improving momentum, although it would not necessarily confirm a larger trend reversal.
For a stronger bullish shift, XRP would need to reclaim $1.40 and establish higher highs. Earlier analysis also identified $1.10 as an important short-term level as investors assessed whether XRP price could maintain its breakout structure.
XRP Market Outlook Depends on the Next Break
The current setup leaves XRP with two clearly different paths. A successful defense of support followed by a move above $1.18 could improve market structure and create room for a recovery toward higher resistance levels.
On the other hand, a decisive breakdown below the current support structure could expose XRP to $0.85 and then $0.77. If selling pressure continues beyond those levels, the broader $0.50 region could become a longer-term support area.
For now, there is no confirmed technical signal that the larger bearish trend has ended. The $1.18-$1.20 area therefore remains the immediate level to watch, while $1.40 represents the more important weekly resistance.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
