XRP remains above $1.00 for a 635-day streak despite bearish chart patterns and broader crypto market weakness.
XRP is trading at $1.0046, up 1.11% after dipping to an intraday low of $0.9882, maintaining its streak of closing above $1.00 for 635 consecutive days. The token has defended this level since November 2024, though recent sessions saw near-breaks amid broader market pressure.
The broader crypto market remains in a prolonged downturn, with Bitcoin down over 3% this week and stuck below $64,000, while Ethereum struggles to hold $1,900. XRP’s resilience contrasts with bearish technical indicators, including oversold conditions and converging weekly charts, raising concerns about a potential breakdown.
Meanwhile, traditional markets show strength, with the S&P 500 and Nasdaq near recent highs, driven by AI-related stocks after reports of Anthropic’s $11.5 billion quarterly revenue. Crypto assets, however, remain mostly flat, with top coins moving less than 2% in either direction.