
XRP is testing one of the most important support levels of the past several weeks, and it is barely holding on.
The $1.13 level on the weekly chart has acted as crucial support for XRP over the past one to two weeks. Right now, the price is right up against that line, and the longer-term bearish trend has still not been reversed, meaning the pressure remains to the downside.
What Happens If $1.13 Breaks
If XRP confirms a break below $1.13 and fails to recover back above it, the next major target sits between $0.90 and $1.00. That zone would mark a significant new low for the cycle.
On the shorter four-hour chart, XRP has already broken below a smaller support level that had been holding for some time, dropping straight down toward the $1.13 zone as expected. If $1.13 gives way before the bigger weekly support breaks, there is some minor support sitting between $1.08 and $1.10, giving the price a small cushion before the more significant $0.90 target comes into play.
Why This Is Happening
XRP tends to follow Bitcoin’s price action closely in the short term, and Bitcoin’s current weakness is dragging XRP and most other altcoins down with it. None of this is happening in isolation.
The Bottom Line
XRP is hanging on by a thread right now. The $1.13 level is the line that matters most this week. Hold it, and there is room to stabilise. Lose it, and the path toward $0.90 to $1.00 opens up quickly.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
NIGHT price may still be stuck in a bearish trend, but the Midnight network has…
TIA price is back on traders' radar after climbing 13% in a single day, but…
Crypto analyst Jesse, appearing on a podcast focused on XRP developments, claimed that Japan has…
After auditing 50+ crypto campaigns, the same 7 patterns keep showing up before a project…
As crypto scams continue draining millions from victims, law enforcement agencies are increasingly leaning on…
Congress missed its self-imposed July 4 deadline to pass the CLARITY Act, and the crypto…