XRP is facing selling pressure after failing to hold above the 20-day EMA near $1.36, with price approaching the $1.27 support level. A break below this level could trigger further downside toward $1.11, a key historical support.

If bearish momentum continues, the broader structure points toward a potential move toward the lower boundary of a descending channel near $1. Alternatively, a move back above the moving averages could open the path for recovery toward $1.61 and the upper trend resistance.