XRP Tests $1.12 Support as Analysts Split on Rebound or Deeper Drop

Whether buyers hold $1.12 is likely to determine a short‑term rebound or a further slide because thin on‑exchange liquidity and looming U.S. regulatory moves can amplify any large flows.

Overview

XRP traded around $1.12 on Thursday after a roughly 3.1% intraday fall and an about 8.9% loss for the week with volume near $1.8–$1.9 billion, leaving the token locked in a tight support battle.
Technical voices are divided: some see a falling‑wedge and Fibonacci setup that needs a clear reclaim of $1.66–$2.00 to validate large upside, while others say a break above $1.25–$1.30 on strong volume is the nearer confirmation for a move to about $1.65.
A Tom DeMark Sequential buy signal has flashed, which suggests a possible short‑term rebound, but price sits below the 100‑hour moving average so that signal requires follow‑through to matter.
Thin on‑exchange order books and modest ETF and futures flows mean single large trades or a burst of volume tied to U.S. regulatory news could drive outsized moves in either direction.
Traders are watching immediate resistance at $1.12–$1.13 and a chain of upside levels to $1.18 and $1.30, with downside invalidation points at $1.09 then $0.90–$0.86 and lower Fibonacci retracements if support breaks.