XRP price looks weak after breaking below a chart formation, and there is a risk of the token dropping back to $1.00 if buyers cannot hold the current support. Despite some technical factors indicating a possibility of a rebound, momentum is questionable due to XRP’s inability to go higher.
At the time of writing, XRP is trading at $1.09, with a 24-hour trading volume of $997.07 million and a market capitalization of $68.30 billion. The XRP has declined 1.18% over the last 24 hours, reflecting continued selling pressure across the market.
XRP Price Breaks Rising Channel on 4-Hour Chart
A popular crypto analyst, ChartNerd, updated his technical analysis on July 12, 2026, indicating that XRP has moved below its ascending channel on the 4-hour time frame. It should be stated that the digital currency is currently probing the key ascending support line.
From the technical analysis point of view, it is very important to have such support. Otherwise, when buyers do not protect the territory, then the price can move towards the psychological support at $1.00.
However, the bearish scenario will be undermined should XRP manage to stay above the present support and regain the resistance of $1.15. Above the said resistance, there is the possibility for a rebound to commence.
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Technical Indicators Show a Recovery Attempt
Although the XRP price has been experiencing a recent downtrend, some technical signals indicate that the cryptocurrency has not yet given up on the possibility of rallying.
Relative Strength Index (RSI) indicator is now at 44.41, whereas the signal line is at 44.85. Given that the RSI level is still below 50, buying interest remains weak. Nevertheless, there is a signal indicating that selling interest is decreasing relative to previous sessions.
Meanwhile, the MACD remains positive, with the MACD line of -0.01474 remaining above the signal line of -0.02026. The histogram is at 0.00552, indicating that bullish momentum is present but starting to wane. XRP may keep on recovering as long as buyers maintain the MACD crossover.
Combining these factors reveals that there are efforts to stabilize the XRP, but for a more sustained recovery, increased buying power and crossing resistance levels should come into play.
Can XRP Price Avoid a Fall to $1?
The upcoming few sessions of trading are going to be critical for determining the immediate direction of XRP. The buyers should be ready to protect the existing upward trend line and move the price above $1.15.
In the case of unsuccessful support, the XRP price may test the $1.00 mark, where investors will look out for any hints of demand. Otherwise, in case of a successful bounce back and continuation of the bullish MACD crossover, XRP can start moving upwards again.
For the time being, XRP is sitting at a significant technical juncture, which can prove to be crucial in determining its next move.
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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.
