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Reading: XRP fails to break $1.20 as sentiment hits 8-month low
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COINTURK NEWS > Ripple (XRP) > XRP fails to break $1.20 as sentiment hits 8-month low
Ripple (XRP)

XRP fails to break $1.20 as sentiment hits 8-month low

In Brief

  • 🚨 $1.20 remains a barrier as $XRP sentiment hits 8-month low.

  • 💡 XRP could see a 14% move if it breaks its triangle pattern.

  • 📉 Market mood falters despite ongoing Ripple and Ledger developments.

Ömer Ergin
Ömer Ergin 4 days ago
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XRP continues to trade above $1.18 after its latest push higher, with market focus staying firmly on the key $1.20 resistance level. The price reached as high as $1.1926 before moving sideways, following a rebound from its recent local low at $1.0879. Whether the upward trend can be sustained now largely depends on price action around the $1.20 zone.

Contents
Short-term focus on $1.20Market sentiment at multi-month lowsWatching key support and resistance levels

Short-term focus on $1.20

On the four-hour chart, analysts observe the formation of a recovery pattern in XRP resembling a W-shaped structure. However, this pattern is yet to be confirmed, and for technical validation, XRP needs to firmly hold above $1.18 and then complete a decisive upward breakout.

Crypto analyst Ali Charts is also watching a symmetric triangle pattern forming in XRP. In technical analysis, such triangles suggest the price is being compressed into a narrowing band, and the resolution of this squeeze often leads to sharp, directional moves.

Ali Charts stated he is monitoring the symmetric triangle in XRP, and believes a breakout from this formation could trigger a price movement of roughly 14%.

According to the analysis, the direction of this potential move depends on which side of the triangle the price breaks out from. If buyers take control, the upward momentum may strengthen sharply, but continued selling pressure leaves room for a downside scenario as well.

Market sentiment at multi-month lows

On-chain and social analytics platform Santiment reports that its weighted sentiment indicator for XRP has dropped to the lowest level since October 2025. Santiment measures online discussion volume as well as the balance between positive and negative commentary about crypto assets.

Santiment’s data shows that the market view towards XRP is at its weakest in the past eight months; the platform notes that similarly extreme pessimism in the past has sometimes preceded strong rebounds.

Despite regulatory progress at Ripple and growing narratives around institutional integration, Santiment analysts observe that market participants seem fatigued by the lack of new catalysts to drive a solid price rally. Meanwhile, developments continue around the XRP Ledger infrastructure and tokenization initiatives.

Watching key support and resistance levels

Should XRP break above $1.20, short-term upside targets are set at $1.2150 and $1.2220. Beyond those, $1.2250 stands out as the next major hurdle.

RegionLevel
Main resistance$1.20
Upside targets$1.2150, $1.2220, $1.2250
Initial supports$1.1680, $1.1550
Weekly critical support$1.13
Lower demand zone$0.90 to $1.00

On the downside, initial support levels for XRP are found at $1.1680 and $1.1550. If the daily close falls below $1.1550, $1.1400 and then $1.1280 may come into play. On the weekly chart, $1.13 stands as a key support. If this is breached, demand could shift to the $0.90 to $1.00 range, with $0.70 watched as support further below.

XRP has recently underperformed Bitcoin, with analysts noting that altcoins tend to follow Bitcoin’s lead but often with more limited momentum. As a result, the sustainability of any recovery in XRP closely depends on persistent movement in Bitcoin itself.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 15 June, 2026 - 12:57 pm 15 June, 2026 - 12:56 pm
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