Could $XRP Price Decline to Below $1 Again Soon? - CoinGape Analytics

XRP has captured attention with its resilience, maintaining a price of $1.48 after a day marked by volatility. Opening at $1.47, XRP briefly dipped to $1.31 before recovering, demonstrating strong market demand. This rally positions XRP near the critical $1.50 psychological barrier, a key level for potential bullish momentum.

Analysts believe the current setup favors long positions, particularly if Bitcoin holds above $90,000. However, the broader market’s bearish tone, with BTC dropping below $98,000, poses risks. XRP’s price could retrace to $1.20, a significant support level, if selling pressure intensifies. A deeper pullback might test $0.80, especially if Bitcoin faces further declines.

The Relative Strength Index (RSI) at 61 reflects a neutral trend, leaving room for both upward and downward moves. Experts highlight XRP’s Wave 1 cycle completion at $1.62, suggesting a short-term rise toward $1.60 remains plausible if market conditions align.