XRP Tests Lower Edge of $1.04–$1.16 Support Zone

XRP is trading at $1.15, placing it near the lower boundary of the $1.04–$1.16 demand zone that analysts cited in the TronWeekly report. The token has declined nearly 25% from its October levels, while its seven-day loss stands at 7.72% and its 24-hour decline is 1.66%. TronWeekly attributed the weakening trading backdrop to leveraged liquidations and a decline in open interest. Although no other outlet covered the development, the report said traders are watching whether the identified support area can provide evidence of stabilization. It also noted that a break below support could bring lower price targets into focus. Broader conditions remain cautious rather than strongly directional. The total crypto market capitalization is $2.6 trillion and the overall market is flat, while Bitcoin is down 0.24% over 24 hours. The Crypto Fear & Greed reading is 25, classified as Extreme Fear, providing a subdued backdrop for XRP’s market capitalization of $73.34 billion. The immediate focus is therefore the $1.04–$1.16 area, with XRP currently close to its lower end. The cited analysis flags a move below that zone as a condition that could expose additional downside, while the combination of reduced leverage, declining open interest and extreme fear shows how market positioning has shifted around the token.