TLDR
- XRP dropped to a 15-week low near $1.2677, falling over 66% from its recent peak
- Price is trading below $1.280 and the 100-hourly Simple Moving Average
- Key resistance sits at $1.3150; a break above $1.340 could open the door to $1.3550
- Analyst ChartNerdTA flagged two failed rallies since a “deathcross” formed in November 2025
- Accumulation zones identified between $1.10–$1.30, with deeper support at $0.65–$0.85
XRP has slipped into bearish territory after failing to hold above $1.320, dropping to a 15-week low near $1.2677. The decline comes as broader crypto markets also pull back, with Bitcoin and Ethereum seeing similar pressure.
The price has now extended losses below $1.2880 and is trading under the 100-hourly Simple Moving Average. A low of $1.2752 was recorded, and the price is currently consolidating in that range.
XRP is sitting below the 23.6% Fibonacci retracement level of the move from the $1.3642 swing high to the $1.2752 low. This puts the price in a technically weak position.
On the upside, the first resistance to watch is around $1.2920, followed by $1.2960. The main resistance level stands at $1.3150, which also aligns with the 50% Fibonacci retracement of the drop from $1.3638 to $1.2677.
A confirmed close above $1.320 could push XRP toward $1.3275 and then $1.340. There is also a bearish trend line forming on the hourly chart with resistance near $1.340.
Bears Have Been in Charge Since Late 2025
Analyst ChartNerdTA on X pointed out that $XRP has seen two failed rallies since a 5-day 20/50 EMA “deathcross” formed in November 2025. The first rally topped out near $2.40 on the 50 EMA in January, followed by a drop to $1.11. The second rally was rejected on the 20 EMA at $1.54 in May — both confirming lower highs and continued downward pressure.
Weakness is revealing its hand.
Since the 5D 20/50 EMA deathcross in Nov 2025, $XRP has witnessed two countertrend rallies and rejected on both:
The first was the 50 EMA Jan $2.40 lower high before the drop to $1.11, and second was confirmed on the 20 EMA $1.54 May lower high. pic.twitter.com/qx1uRl7j5f
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 2, 2026
The overall decline from the recent peak is now approximately 66%, a pullback that has traders reassessing where XRP may find real support.
One analyst identified the $1.10–$1.30 range as a potential accumulation zone for those looking to build positions gradually. The suggestion is to scale in rather than committing all capital at once.
Deeper Support Levels Are on Watch
If the $1.10–$1.30 area fails to hold, the next support zone highlighted by analysts sits between $0.65 and $0.85. These are seen as stronger demand areas based on historical price structure.
Long-term price targets of $5, $10, and $15 have been mentioned in technical analysis, referencing a previous accumulation period that was followed by an 835% rally.
On the downside, if XRP loses $1.2550, the next levels to watch are $1.2320 and then $1.220. A break below $1.20 would open the door to further losses.
The most recent price data shows XRP consolidating just below $1.280, with bears still in control of the short-term trend.
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