XRP has fallen below its 20-, 50-, 100- and 200-day exponential moving averages on the daily chart, putting both short- and medium-term trends in bearish territory. It traded around $1.0863 and remains under multiple resistance levels, starting with the 20-day EMA at $1.1004. Analysts also point to a $1.06 support tied to the upper trendline of a descending triangle. A daily close below that level could signal a return to the triangle, with support seen at $0.75 to $0.80.

The cryptocurrency market remains broadly weak, with XRP briefly falling below $1.30 and sliding to around $1.05 as selling pressure persists. Bitcoin is testing support in the $57,000 to $58,000 range after an upward channel broke, while ether has retreated to around $1,600 following a failed rebound. Analysts cited bearish technical signals across key moving averages, though low RSI readings leave room for short-term bounces.