$XRP is trading at $1.13, down 2.62% over the past 24 hours, as the broader crypto market continues to absorb the weight of one of its most difficult stretches this year. The token has shed around 7% over the past seven days and its market capitalisation sits at $70.28 billion, with 24-hour trading volume at $1.98 billion.
The Level That Matters
The most important technical development for $XRP right now is not the daily price move but what happened on the weekly chart. Despite a brief candle wick pushing below $1.13 during the recent selloff, the weekly candle closed slightly above that level, meaning the critical support has held on a closing basis. That distinction carries significant weight in technical analysis, where weekly closes matter far more than intraday breaches.
The $1.13 level has been in focus for weeks. When $XRP was trading closer to $1.50, analysts flagged $1.30 as the first major support and warned that a break below it would produce a swift move toward $1.13. That prediction played out almost exactly as described, and now $1.13 has become the new line in the sand.
What Comes Next
In the near term, $XRP is expected to track Bitcoin’s price action closely, as it has throughout this bear market cycle. With Bitcoin holding the $60,000 level and working through a short-term oversold bounce, $XRP is likely to follow with either a relief rally or a period of choppy sideways consolidation over the coming days and weeks.
The Downside Risk
If $1.13 eventually breaks on a confirmed weekly closing basis, the next meaningful support sits between $0.90 and $1.00, with $0.70 the level below that. Neither scenario is the immediate base case given current oversold conditions, but both remain live risks if Bitcoin resumes its decline.
The longer-term bearish trend has not been reversed and no confirmed signals suggest the bear market is over. The immediate pressure has eased slightly. The floor is holding, for now.