XRP slipped to $1.09, registering a 3.41% decline over the past 24 hours as broader market weakness continues to pressure the token.
Weekly Support Confirmation
The weekly chart still shows $1.13 acting as a solid support level, a price point that has withstood multiple tests since XRP traded above $1.30. Investors watch this threshold because a close beneath it could trigger a move toward the sub‑dollar zone between $0.87 and $0.90. For now, the $1.13 line sustains the downtrend that has defined the token’s recent blockchain performance.
Pattern Reassessment
A potential head‑and‑shoulders formation on the four‑hour chart suggested a bearish turn, but recent price action has pushed the right shoulder higher, eroding the pattern’s credibility. Analysts note that the bounce reduces the likelihood of the pattern completing, leaving the weekly structure as the primary indicator for crypto investors. Should the weekly candle finally break below $1.13, the market could see a renewed sell‑off toward the lower target range.