XRP has entered a period of increased selling pressure after failing to sustain levels above 1,320 dollars. The asset tumbled to around 1,2677 dollars, marking its lowest point in 15 weeks. T
XRP has entered a period of increased selling pressure after failing to sustain levels above 1,320 dollars. The asset tumbled to around 1,2677 dollars, marking its lowest point in 15 weeks. This drop coincides with weakness seen across the broader cryptocurrency market, including Bitcoin and Ethereum.
According to market data, XRP fell below 1,2880 dollars and continues to trade below the 100 hour simple moving average. The lowest intraday level was recorded at 1,2752 dollars, as the price tried to stabilize within a narrow band around this area.
Technical indicators are pointing to a weaker structure compared to the recent upward move. XRP remains under the 23.6% Fibonacci retracement level, drawn from 1,3642 down to 1,2752 dollars. Resistance is first seen at 1,2920 dollars, then at 1,2960, with the main resistance zone positioned at 1,3150 dollars.
Mini glossary: Fibonacci retracement levels are a technical analysis tool used to track at which ratios a price might pull back after a strong move. EMA stands for exponential moving average, which gives more weight to recent prices and aims to reflect short term momentum more precisely. A death cross, recognized in trading, occurs when a short term average falls below a long term average, signaling potential weakening momentum.
If there’s a strong close above 1,320 dollars, price targets could shift to 1,3275 and then to 1,340 dollars. However, the hourly chart reveals a downward trendline around 1,340 dollars, creating additional resistance in this area.
Technical analyst ChartNerdTA, sharing insights on X, highlighted that XRP saw two failed rally attempts following a 5 day death cross between the 20 and 50 EMA in November 2025. According to the analyst, the first attempt was rejected near 2,40 dollars in January, and another was rebuffed near 1,54 dollars in May. This pattern reflects the formation of lower highs and suggests a persistent downward trend. ChartNerdTA is recognized for market commentary focused on technical analysis.
ChartNerdTA emphasized that after the 5 day 20 and 50 EMA death cross in November 2025, XRP attempted two counter trend rallies, both of which were rejected. These reactions, seen around 2,40 dollars in January and 1,54 dollars in May, confirm the series of lower highs, according to his assessment.
The pullback has now reached about 66% compared to the previous high, prompting investors to pay closer attention to new support zones. Some commentators view the 1,10 to 1,30 dollar range as a region to accumulate gradually, suggesting a strategy of spreading out purchases over time rather than opening positions all at once.
Analysts indicate that if the 1,10 to 1,30 dollar zone doesn’t yield adequate support, the next significant demand area lies in the 0,65 to 0,85 dollar band. This area is being monitored for potentially stronger support due to historic price actions and market structure.
In a further downtrend, falling below 1,2550 dollars could bring the 1,2320 and 1,220 dollar levels into focus as new support zones. Should the price drop below 1,20 dollars, selling pressure may once again intensify. The latest data shows that XRP is moving sideways just below 1,280 dollars, and for now, sellers remain in control in the short run.
The post A new 15 week low has hit XRP! What are traders closely watching now? appeared first on COINTURK NEWS.
