Currencies38131
Market Cap$ 2.27T-0.20%
24h Spot Volume$ 25.63B+6.34%
DominanceBTC56.55%+0.31%ETH9.59%+1.05%
ETH Gas0.08 Gwei
Cryptorank
/

Can XRP defend the $1.0 support level amid bearish sentiment?


Can XRP defend the $1.0 support level amid bearish sentiment?

Share:

AI Overview

XRP trades slightly above $1.10 after a rejection near $1.20, mirroring a risk-off crypto market with BTC around $61,000 and ETH below $1,600; technicals are bearish with price under the 50-day EMA ($1.32), 100-day EMA ($1.41) and 200-day EMA ($1.62) and immediate supports at $1.05 and $1.00. Institutional flows are mixed as XRP spot ETFs recorded $6.75 million inflows on Tuesday, bringing cumulative inflows to $1.44 billion and net assets to $1.02 billion, while futures open interest rose to $2.39 billion, but Extreme Fear (Fear & Greed 14) and weak retail demand suggest rallies are likely corrective rather than a sustained token adoption or price recovery.

Bearish

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Ripple (XRP) is trading slightly above $1.10 on Wednesday, following a rejection near the $1.20 resistance zone. 

The token continues to track the broader crypto market’s risk-off sentiment, with Bitcoin (BTC) trading around $61,000 and Ethereum (ETH) risks slipping below $1,600.

Extreme fear dominates crypto sentiment

Market sentiment remains deeply negative, with the Crypto Fear & Greed Index holding in Extreme Fear at 14, slightly improving from 10 the previous day.

Despite the minor increase, sentiment remains weak, reflecting low confidence in the market’s ability to sustain any meaningful recovery. 

Prolonged fear conditions could continue to weigh on XRP’s ability to retest the $2.00 level in the near term.

Institutional engagement is showing signs of improvement, particularly via spot ETF inflows. 

Data from CoinGlass shows that the XRP ETFs recorded an inflow of $6.75 million on Tuesday, after a relatively quiet Monday. 

The cumulative inflows now stand at $1.44 billion, while net assets rose to $1.02 billion from $928 million the previous day. 

The fresh inflows signal optimism about institutional investors despite the current bearish price action. 

Futures activity continues to show moderate interest. XRP perpetual futures open interest (OI) stands at $2.39 billion, rising from $2.28 billion on Sunday, according to CoinGlass.

Although this indicates steady participation, analysts suggest that stronger retail inflows are needed to support any sustained upward trend.

For now, subdued demand continues to limit bullish momentum.

XRP struggles to stay above $1.0

The XRP/USD 4-hour chart remains bearish as XRP is still under pressure while trading above $1.10.

Currently, XRP’s price action is locked below the 50-day EMA at $1.32, the 100-day EMA at $1.41, and the 200-day EMA at $1.62

This price action reinforces a broader bearish structure, with the market still dominated by downside control.

The momentum indicators are improving, but are yet to flash buy signals to investors.

The RSI near 50 suggests weakening bearish momentum without indicating a switch to the bullish side. 

The MACD histogram remains negative but is showing signs of contraction, hinting that bearish momentum may be easing—though not reversing.

If the market recovery continues, XRP could surge past the first major resistance level at $1.25, with the 50-day EMA at $1.32 a possible target.

A daily candle close above these levels could pave the way for XRP to extend its rally towards the 100-day and 200-day EMAs at $1.41 and $1.62, respectively. 

A sustained break above these levels would be required to neutralize the bearish structure.

However, if the recovery fails, the buyers will need to defend the $1.05 support level, as failure to do so could see XRP drop below the $1.0 psychological area. 

A breakdown below $1.00 could intensify selling pressure and open the door to a deeper correction.

XRP/USD 4H Chart

XRP remains in a weak technical position, with recovery attempts repeatedly rejected at key resistance levels. 

Until momentum and demand improve meaningfully, rallies are likely to remain corrective within a broader bearish trend.

The post Can XRP defend the $1.0 support level amid bearish sentiment? appeared first on Invezz

Read the article at Invezz

In This News

Coins

$ 64.07K

+0.12%

$ 1.81K

+0.85%

$ 1.10

-0.88%

Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 64.07K

+0.12%

$ 1.81K

+0.85%

$ 1.10

-0.88%

Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

XRP price prediction: Are sidelined traders refusing to chase shallow bounces?

XRP price prediction: Are sidelined traders refusing to chase shallow bounces?

Strong bearish consensus even after a deep price correction might be a medium-term bu...
Analysts highlight $1.22 and $1.60 as critical levels in XRP recovery

Analysts highlight $1.22 and $1.60 as critical levels in XRP recovery

🚨 The $1.22 and $1.60 resistance levels now shape the direction for any recovery in ...