XRP under pressure as $1 support level wavers

XRP is under heavy pressure, dropping up to 24% in a month. Technical and on-chain signals point to further declines, with the $1 support level at risk and $0.93 as a key zone to watch.

XRP is experiencing significant downward pressure as it struggles to hold the crucial $1 support level. Over the past month, the cryptocurrency has declined by 15% to 24%, with its latest trading price hovering around $1.12. Technical indicators, such as narrowing Bollinger Bands and a drop below key moving averages, suggest increasing bearish momentum. On-chain data from Glassnode reveals a surge in capitulation among holders, with the profit-to-loss ratio falling to 0.38—indicating most are selling at a loss. Analysts are closely monitoring the $0.93 level, the lower Bollinger Band, as a critical technical zone. A cluster of stop-loss orders below this point could trigger further liquidations and intensify selling pressure. Negative funding rates and a dominance of short positions in derivatives markets reinforce the bearish outlook. Combined with regulatory uncertainty and weak altcoin performance, these factors confirm a downtrend across multiple timeframes, putting the $1 support at serious risk.