CryptoPotato analyzed that Ripple (XRP) must maintain the $1 support line to avoid further decline. The media explained, "Based on the daily chart, XRP is moving within a clear downtrend channel, indicating that the mid-to-long term trend remains predominantly bearish. Both the 100-day and 200-day moving averages maintain a downward slope, and a strong resistance zone is forming around $1.25. However, since early June, buying pressure has entered around the $1 mark, preventing further declines. If the $1 line breaks, the decline could accelerate to around $0.8, where the lower boundary of the channel is located."
