XRP Price Slides Toward $1 as Bearish Pressure Intensifies

XRP is facing renewed downside pressure after a sharp and extended sell-off wiped out months of prior gains, pushing the asset dangerously close to the critical $1 psychological level. Market sentiment around XRP remains heavily bearish, with sellers firmly in control and bulls struggling to find any meaningful foothold. After previously trading above $3 several months ago, XRP’s price action on the daily chart has formed a clear bearish market structure characterized by persistent lower highs and lower lows.

Each recovery attempt has been short-lived, quickly meeting selling pressure that reinforces the prevailing downtrend. The latest decline forced XRP to break below multiple key support zones, including an important trendline that had provided stability during December’s consolidation phase. This breakdown has significantly weakened the technical outlook, as former support levels have now flipped into resistance.

XRP is also trading well below major moving averages that once acted as dynamic support. These indicators now cap upside attempts, with every bounce being sold aggressively. The situation is further aggravated by notable spikes in trading volume during the recent sell-off, signaling panic-driven exits rather than orderly profit-taking. Such behavior often reflects fear and uncertainty, making buyers hesitant to step in with confidence.

Currently trading near the $1.60 area, XRP is entering what many traders describe as “deep waters,” a zone where sentiment turns defensive and liquidity thins. Momentum indicators continue to trend downward, suggesting that bearish pressure has not yet been exhausted. With no strong technical support visible until the $1 level, the risk of further downside remains elevated.

Adding to XRP’s challenges is the broader weakness across the cryptocurrency market, which is amplifying selling pressure. Unless XRP can quickly reclaim lost support zones and break above descending resistance levels, recovery scenarios appear increasingly unlikely in the short term. For now, the XRP price outlook remains fragile, and traders are closely watching whether the $1 level will hold as a last line of defense.