By CryptoPotato | Created at 2026-08-16 14:57:57 | Updated at 2026-08-16 15:09:15
19 minutes ago
XRP remains under pressure, with the broader structure still favoring the bears as the asset trades near the $1.00 area. The market has lost momentum after the previous decline, and the latest price action suggests that a sustained recovery has yet to develop.
Ripple Price Analysis: The Daily Chart
On the daily timeframe, XRP remains inside a clearly defined descending structure. The price is trading well below the major moving averages. This keeps the broader trend bearish despite the consolidation seen over the past several weeks.
The $1.02-$1.04 area is now an important resistance zone. XRP previously traded around this region before breaking lower, and the latest candles remain below it. A recovery above this zone would be an initial sign that buyers are attempting to regain control, although the descending trendline would remain a larger obstacle.
On the downside, the immediate structure is becoming increasingly important around the $1.00 psychological level. A sustained move below this area could expose the blue demand zone around $0.91-$0.97. This region represents the next major support visible on the chart and could become relevant if the current consolidation resolves to the downside.
For now, the lack of a meaningful bullish reversal suggests that the market is still in a corrective phase. A break above the descending trendline and the $1.02-$1.04 resistance zone would be needed to materially improve the daily structure. Otherwise, another test of the lower support area remains possible.
XRP/USDT 4-Hour Chart
The 4-hour chart provides a more immediate bearish picture. XRP has been forming lower highs beneath a descending trendline, while the recent rebound attempts have repeatedly failed to produce a meaningful structural breakout.
The asset is currently hovering around $1.00 and has already moved below the $1.02-$1.03 support area shown on the chart. This former support could now act as resistance if XRP attempts to recover. The descending trendline overhead further reinforces the bearish structure, making the $1.02-$1.07 region an important area for any potential reversal.
The current consolidation just below $1.00 suggests that sellers have not completely lost control, but momentum is also becoming compressed. If the $1.00 area fails decisively, the next major downside reference is the $0.91-$0.97 support zone visible on the daily chart.
Conversely, reclaiming $1.02-$1.03 and subsequently breaking the descending trendline would weaken the bearish setup. A stronger recovery above the $1.06-$1.08 area would provide a more convincing signal that the current downtrend is losing momentum. Until then, the path of least resistance remains tilted to the downside.
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