XRP Bounces Back but Weak Market Trend Persists

The recent rebound of XRP's price to around $1.16 has provided some relief after a sharp weekly selloff, but the overall market trend remains weak.

According to analysts, XRP is following a broader downtrend path and needs to surpass its key resistance level at $1.36 to signal stronger buying momentum.

Despite moderate ETF inflows providing some institutional support, technical indicators like RSI and MACD show only early signs of recovery.

XRP's dominance in the crypto market is declining, keeping downside risks alive, and investors should watch for a move above $1.36 with higher volume to confirm a sustained rebound.