XRP Price Prediction: Can Bulls Reclaim $1.10 as Leverage Continues to Cool?
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- XRP trades below major EMAs, keeping sellers firmly in control of the trend.
- Open interest drop signals weaker leverage and lower speculative activity.
- Exchange outflows suggest holders keep accumulating despite weak price action.
XRP continues to trade under pressure after losing momentum from its early July advance. The token now hovers near $1.08 as sellers maintain control across the broader trend. Technical indicators still favor caution because XRP remains below every major exponential moving average.
Technical Structure Keeps Bulls on the Defensive
XRP trades below the 20-day, 50-day, 100-day, and 200-day exponential moving averages. This alignment continues to reflect a bearish technical structure. Additionally, repeated failures near resistance show buyers have not regained enough strength to reverse the trend.
The first area to watch sits near $1.0…
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