XRP Price Holds to Near Two-Year Streak, But Charts Flash a Warning Sign

In brief

• XRP is trading around $1.00, clinging to the dollar price line it's defended since Trump's 2024 win.
• The daily chart is bearish, and the weekly chart is now converging.
• With XRP deep in oversold territory, will it give holders a bounce?

Crypto is grinding through what can be considered an extended bear market with no confirmed bottom in sight. Bitcoin is down more than 3% this week and stuck below $64,000, while Ethereum is struggling to hold onto $1,900, with traders still debating when this slide actually ends.

Wall Street is having a completely different Monday. The S&P 500 and Nasdaq are hovering near recent highs, with AI stocks catching another bid after Bloomberg reported Anthropic posted $11.5 billion in quarterly revenue and is now meeting banks about a possible IPO.

Crypto, in general, is starting the week mostly flat, with most of the coins in the top 10 moving less than 2% in either direction. For XRP, that’s arguably a good thing, considering how strong bears have been.

XRP price: Defending the dollar for the 635th day

XRP is slightly up 1.11% today, trading around $1.0046 after opening at $0.9935 and dipping to an intraday low of $0.9882. It's a small bounce, but it matters.