XRP Price Outlook: Is a Drop Toward $1 Becoming More Likely?

XRP price action is once again under pressure, raising concerns among traders about how realistic a move toward the critical $1 level has become. After years of overall decline and repeated failed recovery attempts, XRP continues to trade in a fragile technical position. The cryptocurrency remains below key moving averages, signaling that bearish momentum still dominates the broader trend.

Recent rebounds in XRP have been short-lived, with each recovery quickly followed by renewed selling. This pattern of lower highs and lower lows reinforces the ongoing downtrend. Although XRP is still trading above the mid-$1 range, the distance to the psychologically significant $1 support level has narrowed considerably. A breakdown from previous consolidation zones accelerated selling pressure, pushing the asset into a defensive structure that has yet to show convincing signs of reversal.

Technical indicators suggest that XRP recently attempted to stabilize near a local support zone. While this reaction temporarily slowed the decline, the bounce lacks the strength and volume seen in earlier recovery efforts. Without a decisive reclaim of major resistance levels and higher moving averages, the risk of further downside remains elevated. Continued weakness could gradually drive XRP price closer to the $1 mark, a level that holds both structural and psychological importance for the market.

Market sentiment surrounding XRP remains cautious, with traders closely monitoring price behavior for signs of a confirmed bottom. Persistent downward continuation patterns, rather than reversal signals, highlight the importance of risk management in the current environment. Unless bullish momentum strengthens and key resistance levels are reclaimed, XRP may continue facing downward pressure, increasing the probability of a deeper support test in the near term.