XRP hits 15-week low at $1.27, down 66% from peak. Bears control momentum as traders watch $1.25 support and potential accumulation zone between $1.10-$1.30. TheXRP hits 15-week low at $1.27, down 66% from peak. Bears control momentum as traders watch $1.25 support and potential accumulation zone between $1.10-$1.30. The

XRP Tumbles to 15-Week Low as Selling Pressure Intensifies – Critical Support Zones Ahead

2026/06/02 15:30
3 min read
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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.

xrp priceXRP Price

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.

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.

Source: TradingView

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.

Market Opportunity
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XRP Price(XRP)
$1.2644
$1.2644$1.2644
-1.38%
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