XRP’s long-standing $1.30 support has finally given way, sending the token into fresh downside and reigniting bearish sentiment across the market. The Ripple-linked token tumbled to a weekly low of $1.06 before finding a foothold around $1.10 — a level that effectively returns XRP to its 2021 price territory and erases much of the upside seen in the 2021, 2024 and 2025 bull runs.
Technically, the move looks concerning. XRP has slipped beneath both its 50-day and 200-day moving averages, a classic bearish signal that often sparks stop-loss cascades and accelerates selling. The broader crypto market has also been under pressure this week — even Bitcoin dropped to a yearly low near $59,353 — and altcoins have largely followed suit.
Market observers point to additional technical downside. Cointelegraph reports that XRP broke below the lower trendline of a pennant formation, and some technical models project a potential slide toward $0.63 in the coming months if selling continues. Pseudonymous analyst Egrag Crypto echoed the bearish tone on X, noting that downside targets of $1.27 and $1.10 have already been hit and flagging a possible capitulation wick around $0.88 as the next risk.
Given that XRP has historically retraced toward the $1 area after rallies above $2–$3, traders who rode earlier rallies and then sold took profits, while long-term holders are now effectively back near break-even. Several chartists are advising caution: many recommend avoiding fresh entries around current levels and instead watching for stronger accumulation zones in the $0.80 range — with deeper accumulation potentially attractive closer to $0.60 if momentum worsens.
What to watch next: confirmation of support around $1.00–$1.10, whether XRP can reclaim its 50- and 200-day moving averages, and broader market direction led by Bitcoin. As always, technical targets and forecasts are not guarantees; risk management and independent research remain essential before taking positions.
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