XRP Price Prediction: Descending Channel Points to Bounce as XRP Defends $0.98 Support

Short-term XRP price chart structures point to the possibility of a relief bounce, but broader technical indicators continue to show that sellers have the upper hand.

At the time of the latest TradingView snapshot cited in the analysis, XRP/USD was around $1.0026, up roughly 1.03%. The move followed a period of weakness that saw XRP test levels below $1. Recent market coverage also shows that the price has repeatedly tested the $1 area, highlighting its importance at both psychological and technical levels.

The setup leaves the XRP price caught between short-term rebound signals and a wider bearish structure. For traders assessing an XRP price prediction, the reaction around $0.98 could therefore become an important indicator of whether the current decline is entering a temporary consolidation phase or developing into another leg lower.

XRP Price Tests Descending Channel Support

On the one-hour chart, XRP has been moving inside a descending channel, with both the upper and lower boundaries guiding recent price action. CryptoAnalystSignal noted that the price had reached the channel’s lower boundary, where a reaction could develop.

XRP is testing the lower boundary of a descending 1-hour channel, with a potential bounce and retest ahead, while the RSI signals continued bearish momentum. Source: CryptoAnalystSignal on TradingView

The analyst described the setup as one in which XRP could bounce and eventually retest the channel boundary. Such a move would not necessarily confirm a trend reversal. Instead, it would represent a technical rebound within an existing declining structure.

The $0.9766 region is particularly important. The level has previously attracted buyers several times, making it a closely watched support area. A sustained defense of that zone could give the price room to recover toward the middle or upper portion of the short-term channel.

Conversely, a decisive move below $0.9766 would weaken the immediate rebound case. It could also shift attention toward lower support levels, particularly if selling volume increases alongside the breakdown.

$1 Remains a Critical XRP Price Level

The $1 threshold has become an important battleground for XRP. The token briefly fell below the level earlier this month, with recent market reports noting a low around $0.9889. The price has since recovered toward the round-number mark, but repeated tests suggest that buyers have not yet established a strong recovery above it.

XRP is testing the pivotal $1 level, with the broader bearish structure suggesting continued downside risk following repeated triangle consolidations and sharp sell-offs. Source: AnhbaCong_ on TradingView

The daily-chart analysis from AnhbaCong takes a more cautious view. It identifies $1 as a major demand area and argues that an immediate clean breakdown may be difficult while buyers continue defending the zone.

Under that scenario, XRP could remain range-bound between approximately $1 and $1.10 before establishing a clearer direction. The $1.10 region is significant because it also aligns with the 100-period moving average identified in the analysis.

A sustained move above $1.10 would therefore improve the short-term technical picture. Failure to reclaim that area, however, could leave the broader bearish structure intact.

Technical Indicators Remain Mixed

The latest TradingView readings provide a divided picture of the XRP price outlook.

The overall technical rating in the cited snapshot was Neutral, with 14 sell signals, seven neutral readings, and five buy signals. The moving-average group was considerably weaker, producing 13 sell signals, one neutral reading, and one buy signal.

XRP price chart. Source: Brave New Coin

That imbalance matters because the price remains below most of its major short-, medium-, and longer-term moving averages. The 10-period EMA and SMA were around $1.012 and $1.011, respectively, while the 20-period EMA and SMA were near $1.032 and $1.037.

Longer-period averages were positioned even higher. The 30-, 50-, 100-, and 200-period averages were all above the current XRP price, indicating that the broader trend remains under pressure.

TradingView’s current technical overview likewise warns that technical ratings should not be treated as standalone trading signals and that XRP’s one-week and one-month technical readings have recently carried a sell bias.

At the same time, several momentum indicators suggest that selling pressure may be becoming stretched.

The RSI was around 37.86, placing it in the lower half of its conventional range without reaching deeply oversold territory. The Stochastic %K was near 13.61, while Stochastic RSI Fast stood around 14.25. Williams Percent Range was also deeply negative at approximately -81.84.

These readings can be consistent with short-term stabilization after a decline. However, they do not guarantee a reversal. Momentum indicators can remain depressed while an asset continues to trend lower.

The MACD remained negative at roughly -0.025, reinforcing the view that downside pressure had not fully disappeared.

XRP Ledger Activity Diverges From Market Sentiment

On-chain data adds another layer to the XRP price prediction.

Santiment reported that negative XRP sentiment across social platforms had reached a three-month extreme as the token struggled around $1. At the same time, XRP Ledger activity increased significantly.

XRP Ledger activity rose to 49,929 active addresses in 24 hours, its highest level in more than two months, despite prevailing negative sentiment. Source: @SantimentData via X

On August 14, the network recorded 49,929 active addresses over a 24-hour period, the highest level in more than two months.

That divergence is notable because market sentiment and network participation are moving in different directions. Santiment’s data essentially shows that negative commentary has intensified even as more addresses have been active on the XRP Ledger.

Santiment defines its 24-hour active-address metric as the number of distinct addresses that participated in transfers during a rolling 24-hour period, with each address counted once.

Higher activity does not automatically mean that XRP is being accumulated. Addresses can become active because of transfers, selling, exchange movements, or other forms of network use. Still, the increase provides evidence that activity on the ledger has not simply disappeared alongside the price decline.

That distinction is important when evaluating an XRP forecast. Market sentiment can change rapidly, while on-chain participation offers another measure of what is happening beneath the price chart.

What the XRP Price Prediction Shows Next

The immediate XRP price outlook depends heavily on how the cryptocurrency behaves around $0.9766 and $1.

If buyers continue defending the $0.9766 support zone, XRP could attempt to reclaim $1.01-$1.04, where several short-term moving averages are currently positioned. A stronger recovery could then bring $1.10 into focus.

The $1.10-$1.12 area represents a more demanding resistance zone. The daily-chart analysis places the 100-period moving average around this region, while the cited setup identifies $1.10 as a key ceiling.

A sustained break above that resistance would weaken the near-term bearish structure and provide stronger evidence that the price is moving beyond its current consolidation.

On the other hand, a clear breakdown below $0.9766 would change the short-term picture. TradingView’s classic pivot levels place the next major support around $0.926, followed by approximately $0.764. These levels provide broader reference points if the $0.98 area fails.

For now, the evidence does not establish a confirmed bullish reversal. Instead, the token is showing a combination of oversold-style momentum readings, elevated XRP Ledger activity, and extremely negative sentiment against a still-bearish moving-average structure.

That makes $0.98 a key level to monitor. A successful defense could support a relief move toward $1.04 and potentially $1.10, while a decisive breakdown would strengthen the case for further downside.

The current XRP price prediction is therefore best viewed as a conditional setup rather than a fixed target: holding the $0.9766-$1 region keeps a short-term rebound scenario alive, but the price would need to reclaim successive resistance levels to demonstrate that the broader downtrend is losing control.