XRP Detailed Analysis — Current Price $1.087

XRP is under selling pressure today. Intraday high $1.1108, low $1.085, currently trading around $1.087, below yesterday's close of $1.1107.
Daily Structure:
XRP tested the $1.12 - $1.15 zone twice as resistance and failed. This area aligns with the 50-day EMA. Long upper wicks indicate distribution.
Technical Outlook:
Immediate Support: $1.085 - $1.08
Today's low. A 4H close below $1.08 would trigger a stop hunt.
Intermediate Support: $1.05
Psychological level and 38.2% Fibonacci retracement of the last leg up. A weak bounce can be expected here.
Main Target: $1.02 - $1.00
If $1.08 breaks and holds, the main liquidity pool for XRP is at $1.02. Wicks below $1.00 are possible. This zone is also a daily order block.
Resistances:
No bullish momentum unless XRP closes above $1.11. A close above $1.11 would reopen the path to $1.15 and $1.21.
Summary Scenario:
Short-term trend is bearish. Holding below $1.08 → $1.05 → $1.02 / $1.00 targets become active. For longs, waiting for a close above $1.11 is healthier.
Not financial advice.