The Breakdown: From $1.05 to Current Levels

$XRP lost its nearest support at $1.05 on the 4H timeframe, a level that had held as a resistance-turned-support pivot in recent sessions. The asset is now trading at $1.04, down 0.37% over 24 hours on $1.77B in volume. This loss of the $1.05 level signals weakening bid pressure and opens the path lower toward the next structural floor.

The $1.03 Floor: What It Represents

The $1.03 level represents the next major support zone traders are monitoring. This level has served as a foundation in prior consolidation phases and carries technical weight from multiple touches over the past weeks. A break below $1.03 would extend losses further and shift the balance of control toward sellers. Until that floor cracks, $1.03 remains the line in the sand for near-term support structures.

Wider context matters here: $XRP has been oscillating within a broader range, and support levels like $1.03 become more critical as price tests lower bands. Volume at $1.03 will dictate whether the level holds or caves; thin volume on a breakdown would indicate weak conviction from buyers.

Pattern Structure and Fibonacci Context

The move from $1.05 down to $1.04 appears to be a continuation of consolidation, not yet a decisive break. Price structure on the 4H suggests a possible retest pattern forming, where sellers probe lower but buyers have not fully capitulated. The Fibonacci levels derived from recent swing highs and lows place potential support around 61.8% and 78.6% retracements, which may align with or sit below the $1.03 level depending on the swing being measured.

RSI and MACD readings on the 4H chart will be key: oversold RSI (below 30) combined with MACD divergence would suggest exhaustion and a potential bounce. Conversely, RSI still grinding lower with MACD bearish would confirm continued downside pressure.

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