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After sliding from around $1.30 to near $1.05, XRP’s price action has not produced the expected breakdown below the psychological $1 level, according to market analyst Paul Bennett. Despite early signs of fear around the round-number support zone, XRP has remained steady above it, suggesting selling pressure may be cooling rather than accelerating.
At the time of writing, CoinCodex data shows XRP hovering around $1.15, holding above what Bennett describes as a key defence band between $1.05 and $1.10. He characterizes this range as a temporary battleground where sellers are losing conviction and buyers are gradually absorbing supply.
Bennett’s framework is that repeated failure to break lower during heavy selling often indicates seller exhaustion. In such scenarios, the weakest participants exit first, panic tends to subside, and the remaining sellers require even lower prices to continue, levels the market has not been willing to offer.
Bennett cautions that the current setup should not be interpreted as a bullish reversal signal. Seller exhaustion, in his view, points to downside momentum cooling, not to buyers taking control. From here, XRP could move sideways or revisit lower levels if momentum fades again.
For a meaningful shift in trend, Bennett says XRP would need to reclaim the $1.30 zone with conviction. Until that happens, the market is still in recovery rather than uptrend territory, with $1.30 acting as resistance where the last major selloff accelerated.
Broader market conditions also matter. Bennett notes that stability in Bitcoin can help prevent deeper altcoin breakdowns, but it does not guarantee follow-through. After sharp corrections, markets often spend longer in ranges than expected.
Overall, XRP has not broken when fear suggested it might, but it has also not confirmed a comeback. The market appears paused rather than resolved, and the next decisive move will determine whether the current floor develops into accumulation or remains only temporary within a larger correction.
Separately, some analysts are pointing to a potential divergence between price weakness and rising network activity, which could become important if it continues to widen.
Coinbase has launched a High Yield USDC vault within its in-app DeFi lending offering, adding a second lending option that provides exposure to a wider range of collateral assets. The product is powered by Morpho infrastructure and uses vault allocations curated by Steakhouse Financial.
