Key Takeaways
- XRP has declined to a 15-week low around $1.2677, representing a more than 66% correction from its recent high
- The digital asset is currently trading beneath $1.280 and the 100-hourly Simple Moving Average
- Critical resistance is positioned at $1.3150; breaking above $1.340 could trigger a move toward $1.3550
- Technical analyst ChartNerdTA identified two unsuccessful rally attempts following a November 2025 “deathcross” formation
- Potential accumulation opportunities identified in the $1.10–$1.30 range, with additional support between $0.65–$0.85
XRP has entered bearish territory following its inability to maintain prices above $1.320, descending to a 15-week low in the vicinity of $1.2677. This downturn mirrors weakness across the broader cryptocurrency market, where major assets including Bitcoin and Ethereum face similar downward pressure.
The digital asset has now pushed below $1.2880 and continues trading beneath the 100-hourly Simple Moving Average. A session low of $1.2752 was established, with current price action consolidating within that region.
XRP is positioned below the 23.6% Fibonacci retracement of the upward move from the $1.3642 swing high down to the $1.2752 low. This placement indicates technical weakness in the current market structure.
Regarding resistance, the initial barrier appears around $1.2920, with secondary resistance at $1.2960. The primary resistance zone stands at $1.3150, corresponding with the 50% Fibonacci retracement of the decline from $1.3638 to $1.2677.
A decisive close above $1.320 could propel XRP toward $1.3275 and subsequently $1.340. Additionally, a bearish trend line has developed on the hourly timeframe with resistance positioned near $1.340.
Bearish Control Established Since Q4 2025
Technical analyst ChartNerdTA on X highlighted that $XRP has experienced two rejected rally attempts since a 5-day 20/50 EMA “deathcross” materialized in November 2025. The initial rally peaked near $2.40 at the 50 EMA in January, subsequently falling to $1.11. The second rally faced rejection at the 20 EMA around $1.54 in May — both confirming a pattern of lower highs and sustained 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
—
ChartNerd
(@ChartNerdTA) June 2, 2026
The total retracement from the recent peak now stands at approximately 66%, a substantial correction prompting traders to reevaluate potential support levels where XRP might stabilize.
One market analyst has designated the $1.10–$1.30 corridor as a viable accumulation zone for investors seeking to establish positions incrementally. The recommended approach involves scaling into positions rather than deploying full capital in a single entry.
Additional Support Zones Under Observation
Should the $1.10–$1.30 region fail to provide adequate support, analysts have identified the next significant demand zone between $0.65 and $0.85. These levels are considered stronger support areas based on historical price behavior and market structure.
Longer-term price projections of $5, $10, and $15 have been discussed in technical analyses, referencing a prior accumulation phase that preceded an 835% rally.
On the bearish side, if XRP breaks below $1.2550, subsequent support levels emerge at $1.2320 and then $1.220. A decisive move under $1.20 would likely trigger additional downside momentum.
Current market data shows XRP consolidating just beneath $1.280, with sellers maintaining control over the near-term price trajectory.
The post XRP Tumbles to 15-Week Low as Selling Pressure Intensifies – Critical Support Zones Ahead appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.