XRP has been trading around $1.16 after a sharp weekly selloff brought it close to the $1.00 level. While the recent bounce offers some relief, the broader trend remains bearish. The token gained about 6.21% in the last 24 hours but still shows a 12.8% weekly loss and a 16.16% monthly decline. Its market cap is near $72.19 billion, ranking sixth among cryptocurrencies.
The price has moved between $1.07 and $1.16 in the past day, recovering from the lower end of its range. However, it remains far below its all-time high of $3.65 from July 2025. The one-year and 200-day changes are negative, around -46.73% and -45.86%, respectively, indicating that the current bounce is part of a larger downtrend. Buyers have appeared near the $1.00 region, but a trend change is not yet confirmed.
Analyst Egrag Crypto notes that XRP’s broader path still follows his “blue” scenario, focusing on structure and direction rather than exact numbers. He argues that the current decline fits within a larger technical roadmap, not a breakdown. However, this is just an interpretation, and XRP needs to hold support and reclaim resistance levels to strengthen the rebound. The key upside level is around $1.36, which would signal stronger buying pressure.
Technical indicators show early recovery signs. The Relative Strength Index (RSI) is at 44.16, still below the neutral 50, while its moving average is at 53.46. A move above 50 would confirm better momentum. The Moving Average Convergence Divergence (MACD) remains slightly bearish, with the MACD line below the signal line, but the histogram is near neutral, suggesting selling pressure is slowing. Volume is moderate at around 51-52 million XRP, not yet indicating a strong breakout.
ETF inflows provide some positive news. U.S. spot XRP ETFs saw net inflows of $2.62 million last week, a contrast to Bitcoin ETFs that experienced outflows. The funds had only one red day, and cumulative flows exceed $1.43 billion. While this shows institutional interest, it does not eliminate price risk.
From a dominance perspective, ChartNerdTA highlights a breakdown after two contacts with a seven-year resistance trendline and a loss of triangle support. Dominance is at 3.3%, with historical support near 1.1%. This suggests XRP may underperform relative to the broader market, even if its dollar price rebounds.
The main downside levels to watch are $1.03 and the psychological $1.00 area. A break below these could increase downward pressure. On the upside, reclaiming $1.36 with higher volume would strengthen the recovery case. For now, XRP is trying to stabilize after a heavy selloff, but confirmation of a trend reversal is still missing.