The post XRP Price Prediction: Bears Target $1 as XRP Struggles Below Key Resistance appeared first on Coinpedia Fintech News
The XRP price continues to face selling pressure as the token struggles to regain momentum above key resistance levels. After multiple rejections near the $1.50 region, XRP is now consolidating around the $1.35 level, raising concerns among traders about whether the price could drop toward $1.
The current market structure suggests that XRP remains trapped within a broader downtrend, with sellers maintaining control at higher levels. A key question many investors are asking right now is why XRP is falling and whether the token could recover in the near term.
XRP Tokens Under Loss
Recent on-chain data from Glassnode suggests growing pressure within the XRP market. According to the chart above, the total supply of XRP held at a loss has increased significantly in recent months.
This metric measures the amount of tokens currently held by investors whose purchase price is higher than the current market price. When this number rises sharply, it often indicates that a large portion of market participants are underwater.
Historically, such conditions can create two important market dynamics. First, many holders tend to sell during short-term price recoveries to exit near their break-even level. This behavior can create strong overhead resistance and slow down any bullish recovery.
Second, rising supply in losses sometimes appears during the later stages of a market correction, when weaker hands gradually exit the market. In some cases, this phase can eventually lead to market stabilization once selling pressure begins to decline.
XRP Price Analysis
From a technical perspective, XRP continues to trade inside a descending channel, which indicates that the broader market structure remains bearish. After facing repeated rejection near the $1.50–$1.55 resistance zone, the price has moved lower and is now consolidating around the $1.35 region. This level sits just above a crucial support area near $1.32, which currently acts as the first line of defense for the bulls.
If this support holds, XRP could continue trading sideways within the channel before attempting another recovery.
However, if the $1.32 support breaks, the price could move toward the next major support near $1.10, which aligns with the lower boundary of the descending channel. Looking at the indicators, the MACD is attempting a bullish crossover, suggesting that selling momentum may be slowing slightly. Meanwhile, the RSI remains near the neutral zone, reflecting ongoing consolidation rather than a strong trend reversal.
Overall, the technical structure still favors the bears unless XRP manages to reclaim the key resistance levels.
Wrapping it Up- What to Expect Next?
In the short term, traders will closely watch the $1.32 support level. If the XRP price holds above this zone, XRP could attempt a recovery toward $1.50, which remains the key resistance level that bulls must reclaim to regain momentum. However, a confirmed breakdown below $1.32 could push XRP toward $1.10, with the psychological $1 level becoming the next major downside target.
For now, the market remains in a consolidation phase within a broader downtrend. Until XRP breaks above key resistance levels, the price may continue to face pressure from both technical and on-chain factors.
