XRP entered a period of increased selling pressure after failing to hold above $1,320. The asset hit a 15-week low, falling to around $1.2677. This decline coincided with the weak outlook seen in the broader cryptocurrency market, including Bitcoin and Ethereum.
Pressure continues on technical outlook
According to market data, XRP even traded below $1.2880 and continued to trade below the 100 hourly simple moving average. The intraday lowest level was recorded as $1.2752. It was seen that the price tried to stabilize in a narrow band around this region.
Technical indicators pointed to a weak structure compared to the last upward move. XRP remained below the 23.6 percent Fibonacci retracement level of the move from $1.3642 to $1.2752. On the resistance side, the first threshold stood out as $1.2920, followed by $1.2960. The main resistance zone is at $1.3150.
Mini dictionary: Fibonacci retracement levels are a technical analysis tool used to monitor the extent to which the price may retreat after a strong move. EMA, on the other hand, stands for exponential moving average and aims to show the short-term trend more precisely by giving more weight to recent prices. Known as a death cross, it occurs when the short-term average moves below the long-term average and can indicate weakening momentum.
If the price closes strongly above $1,320, 1.3275 and then $1,340 levels may come to the fore. On the other hand, it was reported that a downward trend line formed around $ 1,340 on the hourly chart and this area created additional resistance.
Support areas followed by analysts
Technical analyst ChartNerdTA, sharing on the According to the analyst, the first attempt was rejected in January at around $2.40, and the second attempt was rejected in May near $1.54. This chart indicates a structure where lower peaks are formed and the downward trend is maintained. ChartNerdTA stands out as a market commentator known for its technical analysis-oriented posts.
ChartNerdTA highlighted that after the 5-day 20 and 50 EMA death cross in November 2025, XRP attempted two countertrend uptrends, but both attempts were rejected; He argued that these reactions, seen around $2.40 in January and $1.54 in May, confirmed the structure of falling peaks.
The retracement reached nearly 66 percent compared to the last peak, causing investors to monitor new support areas more closely. Some market commentators consider the $1.10 to $1.30 range as an area to watch for gradual buying. In this approach, the emphasis is on spreading the purchases over time rather than opening a position all at once.
Which levels stand out further down?
According to analysts, if the $1.10 to $1.30 range does not produce sufficient support, the next important demand zone lies in the $0.65 to $0.85 band. It is stated that this area is watched as stronger support due to past price movements and market structure.
In the downside scenario, if the level falls below $1.2550, the $1.2320 and $1.220 levels may stand out as new supports. It is considered that if the price falls below $ 1.20, the selling pressure may accelerate again. Latest data shows that XRP is trending sideways just below $1,280, with sellers maintaining the upper hand in the short term.
