- XRP tests $1.29 to $1.30 as sellers challenge the 20-week exponential moving average.
- A weekly close below support could expose XRP to $1.25 and potentially $1.
- Buyers must defend support and reclaim $1.52 resistance to strengthen XRP’s recovery prospects.
XRP is facing a critical test as sellers push prices toward an important support zone. The token recently slipped below $1.30, raising concerns about further losses. Traders are now watching the 20-week exponential moving average for direction. A weekly close below this level could expose XRP to another decline. Meanwhile, weakening momentum and broader market liquidations add pressure. However, buyers still have a chance to defend support and prevent further losses.
XRP Price Tests Critical Weekly Support Near $1.30
XRP traded near $1.32 earlier Thursday before sliding toward $1.29. The decline brought the token close to its 20-week exponential moving average. Recent estimates place this indicator between $1.29 and $1.30. The level helps traders assess medium-term momentum and potential trend changes. A brief move below the average does not confirm a breakdown. Instead, traders should watch where XRP closes the week.
Repeated weekly closes below support would signal stronger selling pressure. Such weakness could shift attention toward the $1 level. Recent market conditions have added to XRP’s challenges. Spot XRP exchange-traded funds continued attracting inflows despite the price weakness. Fund trackers reported approximately $11.3 million in inflows across five trading days through October 9. However, these inflows have not produced a convincing recovery.
Short-term indicators also show signs of weakness. XRP recently broke below a rising daily trendline. Meanwhile, the relative strength index approached 35, reflecting bearish momentum. Although this reading suggests weakness, traders should not assume an immediate rebound. Crypto liquidations have added another layer of pressure.
Will XRP Fall Toward $1 or Rebound Toward $1.52?
The weekly closing price could determine XRP’s next major move. A close below the 20-week average would increase downside concerns. Under that scenario, traders may focus on $1 as the next major support. That decline would represent roughly 23% from the $1.30 level. However, buyers could still defend the current support zone. The $1.25 to $1.30 range offers a potential area for renewed demand.
Holding this region could help XRP stabilize after recent losses. Any recovery would still face significant resistance above current prices. The 50-week exponential moving average sits near $1.52. XRP must reclaim that level to improve the broader weekly outlook. The token previously encountered selling pressure near this area after approaching $1.70.
For now, the weekly candle remains unfinished. Traders should watch the $1.29 to $1.30 zone closely. A confirmed breakdown could expose XRP to deeper losses. Conversely, defending support could create room for a recovery. XRP’s next move depends heavily on the weekly close.
