$XRP XRP: Bearish Pressure Builds as Key Support Weakens Primary Downtrend Continues to Favour Sellers XRP continues to struggle within its broader bearish trend, with the recent recovery failing to produce a convincing change in structure. The rejection from $1.6581 has reinforced the developing sequence of lower highs, leaving sellers firmly in control. Repeated Rejections at Major Weekly Resistance The $1.50–$1.60 resistance zone continues to attract significant selling pressure, with weekly Fibonacci resistance adding further confluence. Bulls ultimately need a convincing break above $1.70 to challenge the prevailing primary downtrend. 100/50-Day EMAs Face Increasing Selling Pressure XRP has now slipped below both the bullishly crossed 100/50-day EMAs, highlighting the deterioration in short-term price action. A failure to reclaim these averages would increase the likelihood of another move towards the 0.618 Fibonacci retracement at $1.2588. Bearish RSI Divergence Highlights Weakening Momentum RSI has produced a series of lower highs throughout the recent recovery, highlighting weakening momentum before the latest decline. With RSI now well below 50 and StochRSI oversold, the bearish bias remains, although a short-term bounce cannot be ruled out. Declining Selling Volume Offers Some Encouragement Trading volume has remained relatively subdued as XRP has retraced from resistance, suggesting the decline has not attracted particularly aggressive selling. However, buyers have shown little conviction in reversing the recent bearish price action. Fair Value Gap Becomes the Next Important Support The 0.618 Fibonacci retracement at $1.2588 sits at the upper boundary of a fair value gap extending towards $1.1363.

$XRP consolidating near support after the correction. Demand continues supporting current price action. EP 1.285 – 1.310 TP 1.370 1.440 1.520 SL 1.230 Price remains above a key support area despite recent weakness. A reclaim of nearby resistance could trigger expansion toward higher targets. Let's go $XRP ‌#USSeptemberPPIReleased #SolanaMajorUpgradeScheduled

CoinWorld data: Macro analyst Jim Willie stated that XRP needs to reach $200 to play a greater role in the International Monetary Fund’s (IMF) reserve system. He believes the IMF has actually gone further than it has acknowledged in considering the inclusion of XRP in the Special Drawing Rights (SDR). Willie pointed out that XRP could serve as the delivery and repayment unit when the IMF provides loans to countries such as Bangladesh. He also mentioned that XRP’s price prediction is based on the size of the derivatives market: if Ripple processed just 1% of that market’s trading volume, XRP would need to move approximately $3 trillion to $4 trillion per month. Willie believes stablecoins cannot replace XRP because most stablecoins are backed by government debt and cannot serve as a neutral bridge between countries in conflict.