XRP Price Stuck Below Key Resistance as Bearish Momentum Persists

XRP remains under pressure despite several attempts to move higher, with the cryptocurrency trading near $1.08 as bearish technical signals continue to dominate. The token recently broke below a symmetrical triangle pattern that had been forming throughout the second half of July, signaling that sellers still have the upper hand.

Although the downside breakout has not triggered heavy selling, it highlights the lack of buying momentum needed to reverse XRP’s broader downtrend. Traders are closely watching whether bulls can regain control before the price slips toward lower support levels.

From a technical perspective, XRP continues to face strong resistance from its key moving averages. The 50-day Exponential Moving Average (EMA) near $1.09, the 100-day EMA around $1.10, and the 200-day EMA near $1.20 all remain above the current price, creating a significant resistance zone that could limit any short-term recovery.

Trading volume has also remained subdued following the breakdown. Typically, a meaningful trend reversal is accompanied by a noticeable increase in trading activity, but that confirmation has yet to appear. Instead, declining volume suggests investors are waiting for a stronger catalyst before making larger market moves.

Momentum indicators paint a similar picture. The Relative Strength Index (RSI) is hovering around 47, placing XRP in neutral territory. This indicates the asset is neither oversold enough to attract aggressive bargain hunters nor strong enough to confirm renewed bullish momentum.

For buyers, reclaiming the 50-day EMA at $1.09 is the first major hurdle. A successful move above that level could open the door to testing the 100-day EMA near $1.10, while a stronger rally could eventually target the psychologically important $1.20 area, where the long-term 200-day EMA sits.

On the downside, failure to hold support between $1.05 and $1.06 could send XRP toward the critical $1.00 psychological level. A decisive break below that threshold would reinforce the longer-term bearish trend and weaken market sentiment further. Until buyers reclaim key resistance levels, XRP is likely to remain trapped between fading momentum and fragile support.