XRP is trading at $1.13, down 2.62% over the past 24 hours, as the broader crypto market continues to absorb the weight of one of its most difficult stretches this year. The token has shed around 7% over the past seven days and its market capitalisation sits at $70.28 billion, with 24-hour trading volume at $1.98 billion.
The Level That Matters
The most important technical development for XRP right now is not the daily price move but what happened on the weekly chart. Despite a brief candle wick pushing below $1.13 during the recent selloff, the weekly candle closed slightly above that level, meaning the critical support has held on a closing basis. That distinction carries significant weight in technical analysis, where weekly closes matter far more than intraday breaches.
The $1.13 level has been in focus for weeks. When XRP was trading closer to $1.50, analysts flagged $1.30 as the first major support and warned that a break below it would produce a swift move toward $1.13. That prediction played out almost exactly as described, and now $1.13 has become the new line in the sand.
What Comes Next
In the near term, XRP is expected to track Bitcoin’s price action closely, as it has throughout this bear market cycle. With Bitcoin holding the $60,000 level and working through a short-term oversold bounce, XRP is likely to follow with either a relief rally or a period of choppy sideways consolidation over the coming days and weeks.
The Downside Risk
If $1.13 eventually breaks on a confirmed weekly closing basis, the next meaningful support sits between $0.90 and $1.00, with $0.70 the level below that. Neither scenario is the immediate base case given current oversold conditions, but both remain live risks if Bitcoin resumes its decline.
The longer-term bearish trend has not been reversed and no confirmed signals suggest the bear market is over. The immediate pressure has eased slightly. The floor is holding, for now.
