XRP has fallen below a key support region for the first time in nearly four months, shaking up investor sentiment after a prolonged period of sideways trading. As this report was written, the popular cryptocurrency was changing hands between $1.16 and $1.18, marking a sharp drop of more than 6% in the past 24 hours.
Key support breached downward
Throughout March and April, the $1.26 to $1.28 range acted as a safety net for XRP’s price, warding off heavier selling. However, this support zone has now given way. Prior to this, XRP faced resistance around $1.55, keeping it locked in a broad trading band for weeks. With the latest downward move, analysts confirm that this foundational structure has been decisively broken.
Market analyst Guy on the Earth wrote on X that XRP was already trading near the lower edge of this band before the drop and warned that if support was lost, the first probable downside target could be $1.10. This level matches the wick low recorded back in February.
The $1.26 to $1.28 support zone, which held throughout March and April, has now been breached from below, putting $1.10 in focus as the primary short term target.
Moving averages reinforce the weak outlook
Technical indicators highlight that XRP is stuck in a bearish pattern. Currently, the asset is trading under almost all prominent moving averages: the 10 day exponential average at around $1.27, the 50 day average at $1.36, and the 200 day average well above at $1.60.
According to analysts, any chance of reversing this outlook would require the price to reclaim the $1.30 mark, accompanied by strong trading volume. Data from TradingView supports a neutral to bearish stance, and moving average signals in particular are heavily slanted towards selling.
Targets move to $0.92 and below
Independent analyst Crypto Patel characterized the $1.10 to $1.30 range as an active accumulation zone, adding that if this area is lost, the next region of interest could shift to between $0.85 and $0.65.
While defining $1.10 to $1.30 as the main accumulation zone, Crypto Patel also pointed out that if this threshold is breached, the $0.85 to $0.65 band will become the next area to watch.
In a separate analysis, Guy on the Earth identified the likely bottom around $0.75 to $0.95 in a drawn out market decline, but warned that a severe selloff could drag the price as low as $0.63. Fibonacci retracement tools show key support clustering between $0.87 and $0.92, while pivot level calculations highlight $1.097 as near term support and $0.811 as a deeper base.
Mini glossary: Fibonacci retracement is a technical analysis tool used to pinpoint potential support and resistance levels in price movements. The RSI, or Relative Strength Index, measures whether an asset is overbought or oversold in the short term.
| Indicator or level | Value |
|---|---|
| Current price range | $1.16 to $1.18 |
| Breached support | $1.26 to $1.28 |
| First downside target | $1.10 |
| Monitored support zone | $0.87 to $0.92 |
| Extreme scenario | $0.63 |
RSI enters the oversold zone
Intensifying market pressure is also reflected in momentum indicators. The 14 period RSI has dropped to roughly 24.26, falling below the key 30 threshold, technically signaling that XRP has entered oversold territory. However, analysts note that a clear sign of recovery has yet to emerge on the broader chart.
The Commodity Channel Index stands at around minus 232, indicating persistent weakness, while daily trading volume remains above $3 billion. This suggests that despite the strong selloff, interest in $XRP continues. Widely known for its role in the Ripple ecosystem and in cross border payments, XRP remains under close observation by market participants.
