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$XRP traded at $1.10 on Wednesday, down 0.44% over 24 hours, as the token continued to test a critical support level that analysts say will determine its near-term direction.
The $1.13 zone remains the focal point for anyone tracking $XRP’s price structure. The token has dipped below it on several occasions over recent sessions only to recover back above it each time, a pattern suggesting the support is holding but under growing strain. What analysts are watching for is a confirmed weekly candle close below $1.13, a development that has not yet occurred and which carries significantly more weight than any intraday breach.
The distinction matters because weekly closes reflect sustained selling pressure rather than short-term volatility. Until one confirms below $1.13, the floor technically remains in place.
Downside Targets If Support Breaks
A confirmed break below $1.13, particularly if $XRP fails to reclaim that level in subsequent sessions, would open the path toward the $0.90 to $1.00 support zone, representing a further decline of between 10% and 20% from current prices. Below $0.90, analysts point to $0.70 as the next significant level, which would mark a drawdown exceeding 35% from where $XRP currently trades.
Neither scenario is considered imminent given the oversold conditions across the broader market.
Short-Term Outlook
$XRP is expected to track Bitcoin’s price action closely over the coming days, as it has throughout the current bear market cycle. A relief bounce or a period of sideways consolidation is the most likely near-term scenario as oversold signals across multiple timeframes continue to unwind.
The longer-term bearish trend remains intact and no confirmed reversal signal has appeared on the weekly chart. The next few weekly closes will be the ones that matter most.