XRP is currently hovering around $1.11 after a 4% daily decline and a 10% weekly loss, testing a critical support level near $1.10. The token’s price action is caught between oversold momentum and a bearish technical structure, making a rebound uncertain.
The Relative Strength Index (RSI) has dipped to 29, signaling oversold conditions, but this alone does not guarantee a reversal. A sustained move above $1.16 and then $1.21 is needed to challenge the Supertrend resistance at $1.2638. If XRP fails to hold $1.10, further declines toward $1.00 or $0.90 could follow.
On-chain data from Glassnode reveals that the realized profit-to-loss ratio has fallen to 0.38, meaning losses dominate gains among moving coins. Additionally, transaction fees on the XRP Ledger have plummeted by over 91% from their February 2025 peak, indicating reduced network activity.
Binance’s XRP reserves have dropped to 2.69 billion tokens, the lowest in four months, which could reduce immediate selling pressure. However, this metric alone does not confirm accumulation or a price rally, as demand remains the key driver.
Analyst EGRAG Crypto points to a falling wedge pattern and Fibonacci confluence suggesting a potential macro decision zone between $1.66 and $2.00. However, without a confirmed breakout above $1.26, these targets remain speculative. For now, XRP’s immediate fate hinges on defending the $1.10 support and reclaiming the $1.26 level to shift the technical outlook.