Ripple (XRP) Price Watchlist This Week

XRP Faces Steep Decline: Key Support Levels Tested Amidst Bearish Trend

XRP has experienced a significant downturn, shedding 6% over the past week and testing the crucial $1 support level for the third time in two weeks. This repeated failure by buyers to push the price away from this key threshold signals a potentially bearish outlook.

Support and Resistance

Key support levels for XRP are identified at $1, with the next significant floor at approximately 80 cents. Resistance levels to watch are $1.3, $1.6, and $2.

Bearish Trend Intensifies

The cryptocurrency is currently entrenched in a bearish trend, characterized by consistently lower highs and lower lows. Analysts suggest that if selling pressure continues to mount, the $1 support could break, potentially flipping into resistance. In such a scenario, buyers might be forced to retreat to the 80-cent mark for the next major support. The current price action indicates a strong possibility of further declines in the coming weeks, with $1 likely to become a resistance zone.

Momentum Indicators Signal Caution

Momentum indicators further reinforce the bearish sentiment. The 3-day Relative Strength Index (RSI) is hovering near the 30-point mark, a common indicator of a bearish trend. As long as the RSI remains below 50, bears are expected to maintain control of the market.

MACD Suggests Deeper Downturn

Adding to the concerns, the weekly Moving Average Convergence Divergence (MACD) is showing signs of a bearish cross. If confirmed, this would be the first such occurrence in 2026 and could signal a prolonged period of recovery challenges for XRP.

Outlook for the Remainder of the Year

The outlook for XRP in the latter half of the year appears negative, with the potential for further price drops. Investors are advised to await confirmation of a market bottom before considering new entries into XRP.