What to know:
- XRP price remains under selling pressure, with analysts saying no confirmed local bottom has formed yet.
- Price recently bounced from its February low, but the recovery was weak, raising doubts about a stronger bullish reversal.
- XRP is testing key support near the 50% retracement level at $1.21, a crucial area for short-term direction.
XRP price keeps showing weakness as it battles to bounce back from recent losses. It’s still dealing with selling pressure in the short term. Technical stuff indicates that the downward push is still going strong, with the price below important levels. Right now, analysts say there isn’t a firm low in place, making the overall outlook pretty cautious.
At the time of writing, XRP is trading at $1.21, reflecting a 0.91% decline over the last 24 hours, according to CoinMarketCap. Market activity remains active, with a daily trading volume of about $3.74 billion and a market capitalization close to $75.61 billion.
Source: CoinMarketCap
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XRP Price Recovery Remains Weak
On June 3, 2026, crypto analyst More Crypto Online pointed out that the XRP price recently bounced from its February low, yet the move was pretty weak. It could still be part of a B-wave structure, though the lack of a stronger uptick makes that less certain.
Source: More Crypto Online’s X Post
More Crypto Online stated that a bigger B-wave scenario might still happen, but only if the XRP price creates a clear 1-2 upward pattern from where it is now.
Without this, we can’t confirm a local bottom firmly. Right now, the XRP price hit the 50% retracement level around $1.21, a spot usually monitored for market reactions.
XRP Price Breaks Below Key Bollinger Band Support
The XRP price shows more technical weakness. Recently, it dropped to about $1.2192, falling below the lower Bollinger Band at $1.2315. The 20-day simple moving average is at $1.3397, higher than where XRP is now.
The upper band is even higher, at $1.4479. This means XRP is way below its recent averages, showing strong downward pressure and increased volatility.
Source: TradingView
The momentum indicators keep leaning negative for the XRP price, too. The MACD line sits at -0.0383, still below the signal line at -0.0256. Plus, the histogram is at -0.0127, showing that the price is still dropping. Until there’s stronger buyer demand and XRP price hits those key levels again, we’ll probably see this pressure continue.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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