Where Does XRP Bottom?

$1.23 is 8.9% below, and $1.21 runs beside the 50-day EMA of $1.2112, 10.3% below. $1.10 is 18.5% below, and the deepest rung is the August 17 cycle low of $0.98, 26.8% below. Each rung marks a level XRP traded through on the way up from the August low.

Above them all is the $1.35 to $1.38 demand zone, which held 3.2 billion XRP before it gave way. A demand zone is a price band where large amounts of coin were bought and never sold, so the sellers who came out were wallets that had held for months. Once long-term holders sell into a break, the next dip buyer finds a thinner floor than the chart suggests.

XRP Shorts Are Paying Longs for the First Time Since June

XRP’s funding rate reads −0.0094%, the most negative since June 28. A funding rate is the periodic payment between the two sides of a perpetual futures contract, and a negative reading means short holders are paying long holders to keep positions open. Traders are paying to bet against XRP while it holds just under the 200-day.

Short interest built into the September 11 CPI release. The Relative Strength Index read about 62 on September 9 and has moved lower since. RSI measures the speed and size of recent price moves on a 0 to 100 scale, with readings above 70 marking an overbought market and below 30 an oversold one, so the low 60s falling toward 50 describes a market cooling off a run rather than one already washed out.

Ali Martinez, a crypto analyst with a large following on X, names a $1.06 pivot, 21.5% below, and a $0.62 target, 54.1% below. EGRAG, an XRP-focused chartist on the same platform, sees $0.88 first, 34.8% below. Those targets only work if the 200-day and the $1.30 area both break in the same move rather than one at a time.

$1.30 Is Where XRP Probably Stops

XRP would probably find its floor at $1.30, because the 20-day EMA of $1.3055 lines up with a round number, and short holders paying to hold positions tend to close them the moment a bounce starts. If XRP loses $1.33 and $1.30 in the same session, the next floor is the $1.21 area at the 50-day EMA, then $1.10, and then the August 17 low of $0.98.

A daily close back above $1.38 would invalidate the deeper rungs, because it would put XRP inside the demand zone the sellers broke and force the shorts paying negative funding to buy their positions back. Until XRP takes that level, the ladder below is where the next move shows first, and every rung that survives a test becomes something the next set of buyers can lean on.

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