Crypto Market Pressure Mounts as XRP Nears $1 Threshold

The cryptocurrency market is facing intense pressure, with many major assets exhibiting technical weakness.

XRP and SHIB are particularly vulnerable, with XRP breaking down below its $1.30 to $1.50 range and trading perilously close to the psychologically significant $1.00 threshold.

The relative strength index (RSI) for XRP has dropped to 32, near oversold territory, but technical indicators show that the asset remains under intense selling pressure.

XRP's critical level is its support at $1.00, and a decisive drop below this could unleash fresh selling waves.