XRP has fallen deep into a major fair value gap after weeks of persistent selling, bringing the $1 psychological level increasingly close as a potential accumulation zone.
CoinMarketCap currently places XRP near $1.09, with the latest 24-hour range extending from roughly $1.08 to $1.11.
The decline has taken XRP well below the $1.25 region that previously served as support and into an imbalance extending toward approximately $1. This is the same broader downside area that has remained open since XRP’s sharp August advance.
XRP Is Now Trading Inside the Major FVG
The current structure contains a large fair value gap stretching broadly from the $1 region into the lower-$1.20s.
A fair value gap forms when price moves rapidly through an area without establishing balanced two-way trading. Markets frequently revisit these zones later as price attempts to rebalance the earlier displacement.
That process is now underway.
XRP previously bounced from the upper portion of the imbalance, but sellers maintained control and pushed price deeper into the zone. At $1.09, most of the distance to the psychological $1 boundary has already been covered.
The Crypto Basic first highlighted this possibility when XRP’s lower fair value gap put the $1 region in focus.
$1 Becomes the Main Downside Reference
From the current $1.09 price, a decline to $1 would represent approximately 8.3% additional downside.
That makes $1 considerably closer than the overhead levels XRP would need to reclaim to establish a meaningful reversal.
The area also carries broader technical significance. Earlier analysis identified $1 as an important liquidity target after XRP lost its 50-day structure.
More recently, XRP reached its $1.09-$1.10 Fibonacci convergence zone, where a local 0.854 retracement and a larger 0.786 Fibonacci level meet.
That support has slowed the decline, but it has not yet produced evidence of a durable bottom.
Selling Pressure Remains the Main Risk
Momentum remains weak enough that another test lower cannot be ruled out.
XRP’s four-hour RSI recently fell near 24, confirming deeply oversold conditions but also showing the strength of the selling wave. Oversold readings can precede rebounds, but they do not require price to reverse immediately.
The latest market structure has also placed approximately $1.07 as one of XRP’s final major supports before deeper downside opens.
A sustained loss of the $1.07-$1.09 region would therefore strengthen the case for a full move through the FVG toward $1.
Below $1, the next broader technical area sits around $0.87-$0.90, although that scenario only becomes relevant after a confirmed breakdown of the psychological floor.
Buyers Need to Reclaim Lost Ground
The accumulation argument around $1 is based on location rather than confirmation that XRP has already bottomed.
For the short-term setup to improve, XRP first needs to hold the current FVG region and recover above approximately $1.15. A stronger change in structure would require XRP to reclaim the $1.20-$1.25 region, which previously acted as support before the latest breakdown.
Until then, the market remains in a downtrend.
The next observable test is whether buyers can defend $1.07-$1.09. If that area fails, the remaining fair value gap toward $1 becomes the primary downside zone—and potentially the most important accumulation area since XRP’s August low.