Key Takeaways
- XRP has reached its lowest point in 15 weeks, touching $1.2677 after declining more than 66% from recent highs
- Current trading activity remains below the $1.280 mark and under the 100-hourly Simple Moving Average
- Crucial resistance zone established at $1.3150; surpassing $1.340 may trigger movement toward $1.3550
- Technical analyst ChartNerdTA identified two unsuccessful rally attempts following a November 2025 “deathcross” formation
- Potential accumulation zones mapped between $1.10ā$1.30, with additional support identified at $0.65ā$0.85
The cryptocurrency XRP has entered a distinctly bearish phase following its inability to maintain levels above $1.320, ultimately descending to a 15-week nadir around $1.2677. This downturn mirrors broader weakness across digital asset markets, with major cryptocurrencies like Bitcoin and Ethereum experiencing comparable downward momentum.
The token has now pushed below the $1.2880 threshold and continues trading beneath the 100-hourly Simple Moving Average. Market participants observed a session low of $1.2752, with current price action consolidating within this territory.
XRP’s position falls beneath the 23.6% Fibonacci retracement level calculated from the recent swing high of $1.3642 down to the $1.2752 low. This technical positioning indicates vulnerability in the current market structure.
Looking at potential recovery levels, initial resistance emerges around $1.2920, with additional barriers at $1.2960. The primary resistance threshold is positioned at $1.3150, coinciding with the 50% Fibonacci retracement of the decline from $1.3638 to $1.2677.
Should XRP achieve a decisive close above $1.320, the token could advance toward $1.3275 and subsequently $1.340. Technical charts reveal a developing bearish trend line on the hourly timeframe, presenting resistance in the vicinity of $1.340.
Sustained Bearish Control Since November 2025
Technical analyst ChartNerdTA on X highlighted that $XRP has experienced two unsuccessful rally attempts following the formation of a 5-day 20/50 EMA “deathcross” in November 2025. The initial rally peaked around $2.40 at the 50 EMA in January before retreating to $1.11. The subsequent rally faced rejection at the 20 EMA near $1.54 in May ā both instances confirming declining highs and persistent bearish momentum.
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
ā š¬š§ ChartNerd š (@ChartNerdTA) June 2, 2026
The total retracement from recent highs now represents approximately 66%, a substantial correction prompting traders to reevaluate potential support levels for XRP.
Market analysts have highlighted the $1.10ā$1.30 corridor as a viable accumulation zone for investors considering gradual position building. The strategic approach emphasizes scaling into positions rather than deploying full capital allocation immediately.
Additional Support Zones Under Consideration
Should the $1.10ā$1.30 region fail to provide adequate support, technical analysts have identified the next significant demand zone spanning $0.65 to $0.85. Historical price action suggests these levels represent more robust areas of buyer interest.
Extended price projections of $5, $10, and $15 have emerged in technical commentary, drawing parallels to a prior accumulation phase that preceded an 835% price surge.
On the bearish side, if XRP breaches $1.2550, subsequent support levels emerge at $1.2320 and $1.220. A breakdown below $1.20 would likely accelerate selling pressure and expose lower price targets.
Current market data indicates XRP is consolidating just beneath $1.280, with sellers maintaining dominance over near-term price action.
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