Ripple (XRP) continues its short-term correction trend, with market attention focused on the $1.13 support level. While the global risk-off sentiment is partially easing amid ceasefire negotiation momentum between the United States and Iran, analysis remains dominant that XRP still stands at a critical technical juncture.

Key Support at $1.13: The Key Determining Future Direction

Cryptocurrency market analysts currently view $1.13 as the key price level for XRP. This zone is evaluated as a key weekly support level that has consistently demonstrated its support even during recent months of volatility.

Analyst David the Builder diagnosed, "Selling pressure is currently leading the market again," adding, "Whether $1.13 holds could determine the future direction."

Reversal to Decline Pushed by Profit-Taking... Even $1.18–$1.19 Lost

Recently, XRP rose near $1.29, the target zone of a double bottom pattern, before being pushed back by profit-taking and reversing to a downtrend. The situation is such that investor sentiment has somewhat contracted after even losing the $1.18–$1.19 support zone formed during the short-term uptrend.

The market believes that if $1.13 breaks, investor anxiety could spread rapidly. From a technical perspective, the next support zone is presented at the $0.90–$1.00 area. Conversely, if the defense of $1.13 succeeds, the possibility of another rebound attempt after the correction is also being discussed.

Geopolitical Risks and Monetary Policy: Variables for the Crypto Market

There are also forecasts that if ceasefire negotiations between the U.S. and Iran show progress, bringing stability to international oil prices and global financial markets, risk appetite could revive. Additionally, after the U.S. Federal Reserve's decision to freeze interest rates, concerns about further tightening in the market have somewhat eased.

Accordingly, investors are closely watching the impact that geopolitical risks and monetary policy changes will have on the cryptocurrency market.

Industry insiders analyzed, "Currently, for XRP, whether the key support is defended is more important than a simple price correction," adding, "There is a high possibility that a tug-of-war between buying and selling forces will continue at the $1.13 zone."

[This article was written with the assistance of AI. Businesses related to virtual assets and stablecoins may change depending on the regulations and market conditions of each country.]