Immediate Support Structure

$XRP broke below $1.05 on the 4H timeframe, a level that had been holding as a near-term pivot. The current price of $1.04 sits between that broken support and the next structural level at $1.03, which represents the next critical floor to monitor. Volume context: $1.607B in 24h volume provides adequate liquidity around these levels, though not extreme.

The breakdown from $1.05 is not dramatic in percentage terms (-0.78% on the daily), but it signals a rejection of that zone. Support levels in liquid pairs like $XRP tend to hold or break cleanly; soft penetrations without follow-through often reverse within 1-2 candles.

Price Path and Level Significance

The $1.05 level has functioned as a micro-pivot during the current trading range. It was not a Fibonacci retracement from a major swing high; rather, it developed as a swing low echo - price had tested and bounced from this zone multiple times in the preceding sessions. When price closes below a multi-touch support on the 4H, it typically signals a shift in short-term momentum toward sellers.

The $1.03 level below represents a further structural point of interest - likely a previous swing low or a zone where buyers stepped in after an earlier decline. Traders should observe whether $XRP stabilizes at $1.03 or continues to probe lower. A close below $1.03 would shift the technical picture and require identification of the next floor.

RSI and Momentum Signals

On the 4H timeframe, monitor the RSI for confirmation of oversold conditions or divergence signals. If $XRP touches $1.03 while RSI remains above 30, it suggests buyers are defending that level despite price weakness. Conversely, if RSI dips below 30 while price trades below $1.03, the momentum warning has been confirmed and further downside may follow.