XRP's price dipped below $1.07 on July 14 but rebounded quickly, though it still faces key resistance at $1.18. Analysts say the token must reclaim that level to confirm a bullish reversal, with support at $1.00 remaining critical.
Key Levels and Recent Price Action
After a brief bounce, sellers regained control around $1.18, pushing XRP into a downtrend that drove it to a low of $1.07. The asset appeared set to retest the $1.00 support, but a swift rebound has removed immediate danger. While another drop to $1 could be bearish, it is too early to call until that level turns into resistance. Buyers may get another chance to defend $1.00.
Higher Low and Volume Signals
For a bullish turn, XRP needs to hold above $1.00 and form a higher low. The current low stands at $1.01, and if buyers can prevent bears from breaking below that, they could reverse the downtrend. However, this requires an increase in buy volume, which has been declining for months. A higher high above $1.18 would confirm the reversal.
RSI Bullish Divergence Hints at Reversal
The 3-day RSI shows a clear bullish divergence: while XRP price made lower lows, the RSI made higher lows. This early signal suggests a potential major reversal if the correction stops at $1.00 and the token slowly recovers recent losses. A break above $1.18 would confirm the shift in momentum.
Key support levels: $1.00. Key resistance levels: $1.18, $1.30, $1.60, $2.00.