XRP rebounds to $1.03 but bearish technicals keep $1 support under threat

XRP traded near $1.03 on Monday following a rebound from the previous week's downturn. The token, however, remains entrenched below its 50-day, 100-day, and 200-day exponential moving averages, preserving a bearish short-term structure across all timeframes. This positioning creates significant overhead resistance, with any recovery likely to face renewed selling as the price approaches these levels.

Momentum indicators reinforce the negative outlook. The Relative Strength Index stands near 39, below the neutral 50 midpoint but not yet in conventional oversold territory below 30, while the Moving Average Convergence Divergence remains negative. Together, these readings suggest that selling pressure continues to dominate, and any short-term rallies may encounter fresh selling unless trading volume from buyers strengthens.

The $1.00 level holds critical importance as immediate support. A sustained daily close above this psychological threshold could allow XRP to consolidate and attempt a recapture of the 50-day EMA at $1.10. Conversely, a decisive break below $1.00 would deteriorate the technical structure and potentially trigger accelerated selling as traders seek the next support zone. For the bearish trend to reverse, XRP must clear the 50-day EMA—a move requiring roughly a 7% gain from current levels—to signal improving short-term momentum.