Primary trend remains bearish
XRP continues to respect its primary weekly downtrend, with the chart still producing a series of lower highs and lower lows. Since the sharp decline into early June, every recovery rally has failed beneath resistance.

100/50-Day EMAs cap the recovery
The 100/50-day EMAs remain bearishly crossed, with price repeatedly finding resistance beneath both averages. Until this structure changes, the broader technical picture continues to favour the bears.

Support running out of chances
Price is once again testing the important $1.05 support zone, an area that has repeatedly attracted buyers in recent weeks. A decisive break and close below this level, and the July 28 low, would increase the probability of a retest of the June 26 swing low at $1.0092.

Resistance remains well defined
Bulls first need to reclaim the $1.18 swing high before attention can turn to the more significant weekly resistance around $1.30. Until then, rallies are likely to continue encountering selling pressure.

Momentum remains subdued
RSI continues to chop around the 50 level while StochRSI remains in oversold territory. Declining volume on the latest move lower suggests conviction is fading, but there is not yet enough evidence to signal a bullish reversal.

In Summary
XRP remains trapped within a well-established bearish trend, with lower highs, lower lows and bearishly crossed 100/50-day EMAs continuing to weigh on price. The $1.05 support zone is once again under pressure, and a decisive break below it would strengthen the bearish case for a move towards $1.0092. Bulls first need to reclaim $1.18, followed by the key $1.30 resistance zone, before the broader outlook begins to improve.