Ripple Price Forecast: XRP probes $1.30 support as protocol delays bug fix until November

• With the 100-day EMA joining the 50-day and 200-day EMAs as resistance, XRP edges lower towards $1.30.
• A fall in validator support to 26 has restarted the XRP Ledger’s bug-fix countdown, pushing the patch back to November.
• Although the weekly SuperTrend indicator offers support, XRP’s weak price structure continues to hamper a recovery.

The $1.30 level is coming into focus for Ripple (XRP) on Thursday as the token retreats, surrendering gains made earlier in the week. Buyers have been left discouraged after efforts to extend the recovery towards $1.40 failed, allowing sellers to gain the upper hand. Downside remains the path of least resistance, with the sell-off likely to gather pace if bulls relinquish the $1.30 demand zone.

Modest ETF inflows leave selling pressure unchecked

Bitcoin’s (BTC) fall below $82,000 and Ethereum’s (ETH) correction towards $2,400 are leading a broad retreat across cryptocurrencies, even as spot exchange-traded funds (ETFs) attract inflows.

Roughly $709,000 flowed into US-listed XRP spot ETFs on Wednesday, following two consecutive days of subdued activity. That modest one-day interest may prove insufficient to absorb selling pressure unless inflows persist over the coming weeks. Cumulative inflows nevertheless remain positive at $1.8 billion despite the volatility, while net assets stand at $1.6 billion. These figures suggest that long-term investor interest in the underlying token remains intact.

Falling validator support postpones XRP Ledger bug fix

A decline in validator support from 35 to 26 has forced Ripple’s XRP Ledger (XRPL) to postpone a planned bug fix. CoinDesk has since reported on X that support has rebounded to 31, but the patch still faces another two weeks’ delay.

For an XRPL amendment to proceed, validator consensus must remain above 80%. Approval is required from at least 29 of 35 validators, with the network checking this every 15 minutes over 14 days. The process ensures that protocol changes, whether closing token-creation loopholes or refining the lending algorithm, are introduced only when they have broad network backing.

Technical analysis: XRP sellers strengthen their hold

Trading around $1.33, XRP retains a bearish near-term bias beneath several key exponential moving averages (EMAs). Resistance is closest at the 100-day EMA of $1.34. Meanwhile, the 50-day and 200-day EMAs converge just above $1.37, leaving the pair constrained by a substantial overhead supply zone.

A Relative Strength Index (RSI) reading near 43 also points to subdued momentum, alongside a slightly negative Moving Average Convergence Divergence (MACD) indicator. Together, these suggest that recovery attempts are likely to attract selling while the price remains below those resistance levels.

The first upside hurdle is the 100-day EMA near $1.34, ahead of a closer grouping of the 50-day and 200-day EMAs at $1.38. Clearing that confluence on a sustained basis would bring the SuperTrend line around $1.47 into view. Beyond it lies the broader downtrend barrier marked by the resistance trend line, with reference levels at $1.62 and $1.70. The daily chart highlights no clear indicator-based support, leaving the pair exposed to further declines unless buyers can regain at least the 100-day EMA.

Weekly momentum readings, meanwhile, lack a decisive direction. Although the MACD histogram remains positive, it has eased from earlier highs, and the RSI is hovering near 48 on the weekly chart. This combination points more towards consolidation than a sustained bullish advance.

Much further below, the SuperTrend indicator marks the next significant structural demand zone around $0.94, an area where buyers have previously returned. A weekly close back towards that zone would open the way to a broader correction. Holding above current levels, by contrast, would leave XRP trading within a range below the dense band of overhead resistance.

(The technical analysis of this story was written with the help of an AI tool. Know more.)