The RSI has recovered to the average range, indicating that bearish momentum has eased but bullish conviction remains limited as the levels have flattened. Meanwhile, Open Interest (OI) has declined from its recent highs, suggesting that leveraged traders are reducing exposure rather than opening fresh positions. This combination points to cautious market sentiment as participants await a stronger catalyst.
From a technical perspective, $1.07 remains the immediate support to watch, while $1.15 continues to act as the key resistance near the upper boundary of the descending channel. A breakout above this level could strengthen the bullish outlook, whereas losing the ascending trendline may shift momentum back in favor of the bears. Until either level is breached, XRP is likely to remain range-bound despite weakening network fundamentals.
Final Thoughts: Can XRP Hold Its Ground?
While XRP’s price has remained resilient despite weakening on-chain activity, the divergence between network fundamentals and market performance is worth watching. A sustained move above $1.15 could invalidate the current bearish structure and pave the way for a rally toward $1.20–$1.25. On the downside, losing the $1.07 support may expose XRP to a retest of the $1.00 psychological level. Until either level is decisively breached, XRP is likely to remain range-bound as traders watch for stronger on-chain participation and a fresh market catalyst.
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