$XRP is trading at $1.09, down 3.41% over the past 24 hours, as broader market weakness continues to weigh on the token. Despite the daily decline, the weekly chart is telling a more stable story, with the critical $1.13 support level holding for now and a previously flagged bearish pattern looking increasingly unlikely to confirm.
The Weekly Picture
The bear market structure on the weekly chart remains intact and no confirmed reversal signal has appeared. $XRP is still technically within a larger downtrend that has been in place for months. However, the $1.13 level continues to hold as significant support on a weekly closing basis, which is the timeframe that matters most for confirming any directional move.
That level has been in focus for a long time. When $XRP was trading well above $1.30, the call was that a break below $1.30 would produce a swift move toward $1.13. That played out precisely. Now $1.13 is the line that separates the current situation from a more serious breakdown. A confirmed weekly candle close below it, followed by a failure to recover above it, would open the path toward a sub-dollar target in the $0.87 to $0.90 range.
The Head and Shoulders That Is Fading
Over the past several days, a potential head and shoulders pattern was forming on the four-hour chart, which would have been a bearish signal if confirmed. That pattern is now looking increasingly unlikely to complete. The recent bounce has extended far enough that the right shoulder is becoming disproportionately large compared to the left, which effectively invalidates the formation before it ever triggers.
An ascending line of support on the four-hour chart is also sitting right around the $1.13 zone, reinforcing that level from multiple technical angles simultaneously.
What to Expect
$XRP will continue tracking Bitcoin’s price action closely in the near term, as it has throughout this entire cycle. The immediate path depends almost entirely on what Bitcoin does over the coming sessions. If Bitcoin stabilises and continues its short-term recovery, $XRP should follow. If Bitcoin breaks lower, $1.13 faces its most serious test yet.
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