u.today 
The technical structure of $XRP has deteriorated considerably, and it is becoming more likely that the asset will drop below the psychologically significant $1 mark within the next month.
What traders have been concerned about for weeks is confirmed by the daily chart's most recent breakdown. A crucial support area around $1.30, which served as a floor for the majority of the consolidation period between March and May, has been decisively lost by $XRP. Rather than drawing in buyers, the area became resistance, hastening the downward trend.
The technical picture is extremely pessimistic. $XRP has broken down of a declining triangle pattern and is currently trading below its short-term moving averages. Volume increased during the sell-off, indicating that real selling pressure, rather than transient market noise, was the driving force behind the action.
$XRP/USDT Chart by TradingView
Momentum indicators are also not very helpful. The Relative Strength Index has entered oversold territory near 25, which may lead to a brief rebound. However, established downtrends are rarely reversed by oversold conditions alone. Assets may stay oversold for long stretches of time while still losing value during severe bearish periods.
The most significant level is currently located at about $1.00. Buyers are drawn to psychological support levels, but when nearby supports fail, they also become price action magnets. Given that $XRP is currently trading at $1.18, a move toward $1 would necessitate a drop of less than 20%, which is typical in the cryptocurrency market, particularly during times of widespread market weakness.
$XRP may test the $1 region far sooner than many investors anticipate if sellers maintain control and Bitcoin does not make a significant recovery. A clear breakdown below that level would probably set off another round of panic selling and liquidations, possibly leading to even lower targets.
Bulls have a clear priority: before confidence can return, they must establish a higher low and retake the previous support area around $1.30. Until then, each relief rally runs the risk of turning into a new selling opportunity.
As of right now, the chart does not point to an immediate recovery. Rather, it indicates ongoing pressure, which makes a $1 test within the next 30 days not only feasible, but also more likely if present market conditions continue.
