The $1.05 Support Break

$XRP lost its nearest 4H support at $1.05, a level that had anchored price through multiple intraday bounces. The break came on elevated volume context ($2.6B notional in 24h trading), suggesting genuine liquidation flow rather than thin-market slippage. Price is now testing the $1.03 zone, which sits roughly 3.8% below the broken support.

This breakdown matters because $1.05 had functioned as a congestion floor across recent sessions. Once it breaks cleanly below, support transitions downward, and traders shift from viewing higher levels as safe entries to viewing lower levels as potential relief zones.

Fibonacci and Structural Levels Below

The next key support cluster sits around $0.98 - $1.00. This zone aligns with the 61.8% Fibonacci retracement of the move from the recent swing low, and also marks a prior 4H support zone that has been tested multiple times. A break below $1.00 would target the $0.95 level, which represents the 78.6% retracement and has held on multiple touches.

Above, the $1.05 level that just broke is now resistance. A reclaim above $1.05 and close back above $1.08 would signal a reversal in this breakdown sequence and likely retest the recent $1.15 - $1.20 range. However, with momentum currently lower, the path of least resistance remains down into the $0.98 - $1.00 zone.

Volume and Momentum Signals

The 24h volume of $2.6B is substantial for $XRP, indicating participation at these lower levels rather than capitulation selling. On the 4H timeframe, look for RSI to test oversold territory (below 30) as confirmation of exhaustion. A bullish divergence (lower price lows but higher RSI lows) at $0.98 - $1.00 would flag a potential bounce setup.

MACDon the 4H has likely crossed bearish, confirming downward momentum. The signal line cross below zero suggests the selling pressure is structural rather than a quick flush. A rebound would require MACD to recross above its signal line and move back toward the zero line.

Session Context and Next Moves