Following a gradual decline in recent months, XRP has once again edged close to the support zone that attracted strong buying interest back in 2026. After slipping beneath crucial technical levels, the asset is now trading within the $1.05 to $1.10 range. Known for its association with Ripple and primarily used for cross-border payments, XRP remains under the spotlight as it approaches these key levels.
Technical weakness persists
The technical outlook for XRP continues to show signs of fragility. For much of the spring, the $1.28 level helped stabilize the price, but that support was broken to the downside. This breach invalidated several months of price consolidation and intensified selling pressure, dragging XRP down into a lower trading band.
The short-term chart for XRP indicates that after losing the $1.28 support, selling accelerated, forcing the price back into the $1.05 to $1.10 range.
Since then, the 50-day moving average has consistently acted as resistance during each attempt at a rally, reflecting the dominance of sellers in the current trend. On the other hand, the current price zone coincides with an area that saw significant upward reactions earlier this year. In crypto markets, it is not unusual to see recurring tests of important supports before lasting bottoms are established.
On-chain data sends mixed signals
Indicators derived from blockchain activity paint a more cautious picture. Over the past month, both the number and volume of XRP transactions have dropped noticeably. This decline suggests weaker network activity and a decrease in speculative interest.
Glossary: On-chain data refers to direct measurements such as transaction counts, transfer volumes, and wallet activity recorded on a blockchain. These metrics are used to gauge shifts in market interest.
While transaction numbers continue to trend downward, payment volumes, which previously topped 1 billion XRP during active periods, have also retreated sharply. Typically, such on-chain metrics reinforce a bearish outlook. Yet, periods of minimal enthusiasm and market activity sometimes coincide with the formation of local bottoms.
Key levels to watch become clear
Momentum indicators are starting to show tentative signs of stabilization. The Relative Strength Index, despite continued price weakness, is hovering near oversold territory and is no longer printing new lows. Such divergences often emerge in the final stages of a selling wave.
In the near term, buyers are focused on two critical thresholds: reclaiming the 50-day moving average, which sits around $1.18, and maintaining support in the $1.05 to $1.10 range.
Should both conditions be met, the broader resistance area between $1.28 and $1.34 may once again become relevant. Nevertheless, XRP prices remain below all major moving averages, and a relapse to the 2026 low by itself does not yet signal a reversal. Ultimately, a sustained shift in market confidence will be required to confirm any lasting change in trend.
