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$XRP is bouncing. After days of relentless selling that pushed the token to within touching distance of $1, a relief rally has lifted the price 2.42% to $1.12 in the past 24 hours.
The question every $XRP holder is asking right now is whether this is a confirmed turning point or simply a brief pause before the next leg lower.
What Is Driving the Bounce
The move higher has less to do with anything specific to $XRP and more to do with the broader market finding a short-term floor. The total crypto market cap rose 1.43% as the Fear & Greed Index hit 14, deep in extreme fear territory, a level that historically triggers short-covering and dip-buying from traders who recognise oversold conditions.
The $XRP Ledger crossing 200,000 daily active users for the first time since March provided a genuine fundamental backdrop to the move.
The Weekly Candle Close That Decides Everything
Analysts have been watching the $1.13 level closely as a critical support threshold. As of writing, $XRP has not yet confirmed a weekly close below that level, but it is trading dangerously close.
If Sunday’s close lands well below $1.13 and the price fails to recover back above that zone in the days that follow, the next major downside target sits between $0.90 and $1.00. That remains a very real possibility within the next month if the broader market fails to find sustained momentum.
What the Next Few Days Could Look Like
In the immediate short term, a slight bounce or sideways consolidation is the most likely scenario. $XRP tends to follow Bitcoin’s lead in short-term moves, and Bitcoin is showing similar signs of a temporary relief rally after its own severe selloff. That means a few days of relative calm, perhaps a test of the $1.36 resistance level if buying pressure builds, before the larger bearish structure reasserts itself.
The $1.10 level is the immediate line in the sand. If $XRP holds above it, the path toward $1.36 remains open. If it breaks below $1.05, the $0.93 support zone becomes the next destination.
None of this changes the longer-term picture. The weekly chart carries no confirmed reversal signal. The bearish trend that has been in place for months remains intact. A short-term bounce within a downtrend is normal market behaviour, not a sign that the worst is over.
For $XRP holders watching the clock tick toward Sunday’s weekly close, the next 24 hours carry more weight than any single day has in weeks.