Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

NYSE Builds Onchain Settlement Rails for Tokenized Securities

August 10, 2026

Nasdaq puts $675 million Avalanche Treasury on the clock over two listing failures

August 10, 2026

CAKE Price Eyes $2.40 as Distribution Shows Demand Shift

August 10, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

XRP rebounds to $1.03 but bearish momentum keeps $1 support at risk

0
By Aggregated - see source on August 10, 2026 Crypto News
Share
Facebook Twitter LinkedIn Pinterest Email

Key takeaways

  • XRP trades around $1.03 after falling more than 5% during the previous week.
  • The token remains below its 50-day, 100-day, and 200-day EMAs, maintaining a bearish technical structure.
  • An RSI reading near 39 and a negative MACD signal indicate persistent selling pressure.

XRP trades near $1.03 on Monday, recording a modest rebound after declining more than 5% during the previous week.

Despite the intraday recovery, XRP retains a bearish near-term outlook because it remains below all three major Exponential Moving Averages. Weak momentum indicators also suggest that sellers continue to control the broader price trend.

The $1.00 psychological level is now crucial. Buyers must defend this support to prevent another leg lower, while XRP needs to reclaim the 50-day EMA at $1.10 to improve its short-term outlook.

XRP remains below all major moving averages

XRP currently trades below the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37

Trading below all three moving averages reflects weakness across short-, medium-, and long-term time frames.

The positioning also creates a wide zone of overhead resistance. Any XRP recovery is likely to face renewed selling as the price approaches these moving averages.

The 50-day EMA at $1.10 represents the first major test. A sustained daily close above this level would suggest that short-term momentum is beginning to improve.

XRP’s momentum indicators remain bearish despite Monday’s slight recovery. The Relative Strength Index stands near 39, below its neutral midpoint of 50. 

This reading shows that selling pressure remains dominant, although XRP has not yet entered the conventional oversold zone below 30.

The Moving Average Convergence Divergence indicator is also negative, reinforcing the bearish outlook.

Together, the RSI and MACD suggest that XRP’s rebound may remain limited unless buyers return with stronger trading volume. Any short-term rallies could attract selling while the token remains beneath its major moving averages.

XRP approaches critical $1 support

The psychological and horizontal level at $1.00 provides XRP’s most important immediate support.

Buyers may attempt to defend this area because round-number levels often attract increased demand. Holding above $1 could allow XRP to consolidate and make another attempt to reclaim its 50-day EMA.

However, a decisive daily close below $1.00 would weaken the technical structure and could accelerate selling pressure.

The absence of another specified nearby support means that a breakdown could expose XRP to a deeper correction as traders search for the next demand zone.

XRP must break above the 50-day EMA at $1.10 to begin reversing its bearish short-term trend.

The move from $1.03 to $1.10 would require a gain of nearly 7%. Clearing this moving average could encourage buyers to target the 100-day EMA at $1.18.

If XRP breaks above $1.18, the horizontal resistance at $1.30 would become the next upside target.

However, each of these levels could attract profit-taking and renewed selling, making a sustained recovery dependent on strong demand and improving momentum.

The 200-day EMA at $1.37 represents XRP’s most substantial technical barrier. This moving average serves as an important gauge of the broader trend. XRP would need to reclaim it to signal a meaningful shift away from its long-term bearish structure.

Beyond $1.37, the next major resistance is located around $1.90. However, this target remains distant while XRP trades below its nearer moving-average barriers.

For now, the more immediate recovery path runs through $1.10, $1.18, and $1.30.

XRP/USD 4H Chart

XRP’s technical outlook remains bearish despite its modest recovery to $1.03. The token’s position below all major moving averages and its weak momentum indicators suggest that sellers retain control. The $1.00 support level will determine whether XRP can stabilize or faces another wave of losses.

Holding above $1 could support consolidation and a recovery toward the 50-day EMA at $1.10. Conversely, a decisive breakdown would confirm renewed bearish momentum and increase the risk of a deeper correction.


Share this article

Categories

Tags

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

CT3 Begins Preparing Its Ecosystem for the Launch of the CT3GB Economy

August 10, 2026

Polymarket switches to Chainlink TWAP after $8.2M study

August 10, 2026

Wintermute Secures U.S. Broker-Dealer Status to Expand Crypto Services

August 9, 2026
Leave A Reply Cancel Reply

What's New Here!

NYSE Builds Onchain Settlement Rails for Tokenized Securities

August 10, 2026

Nasdaq puts $675 million Avalanche Treasury on the clock over two listing failures

August 10, 2026

CAKE Price Eyes $2.40 as Distribution Shows Demand Shift

August 10, 2026

ONDO faces fresh $1.4M Coinbase supply: Can exchange outflows protect $0.345?

August 10, 2026
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2026 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.