XRP’s chart structure has weakened after the token broke below the $1.30 support area, a level that had helped stabilize price action for much of March, April, and May. The analysis says the failed recovery above that zone has reinforced the bearish setup and increased attention on the $1 psychological level. XRP was trading near $1.18, leaving it less than 20% above that threshold.
$1.30 shifts from support into resistance
Traders had tracked the $1.30 area closely because it repeatedly acted as a floor during consolidation. That changed with the recent breakdown. Instead of drawing fresh buying, the former support has started to work as resistance, which means rebound attempts are meeting renewed selling pressure. The market has not shown a clean reclaim. That keeps the short-term picture heavy.
Daily triangle breakdown gains weight as selling volume rises
According to the analysis, XRP also moved below a declining triangle on the daily chart. Traders often read that pattern as a bearish continuation signal, especially if the break is backed by stronger selling volume. Recent activity fits that view: volume expanded during the latest drop, suggesting active distribution rather than a brief volatility event. That gives the move more technical weight.
RSI near 25 shows oversold conditions, not an automatic reversal
Momentum indicators have weakened as well. The Relative Strength Index fell to around 25, putting XRP in oversold territory. Still, the report notes that oversold readings rarely reverse a broader downtrend on their own unless bullish catalysts appear. Historical behavior in digital assets points the same way. Tokens can stay oversold for extended periods while prices continue to slide, so traders usually wait for clearer signs of accumulation.
Bitcoin’s weak rebound leaves the $1 area in focus
Broader market conditions are adding pressure. The report says Bitcoin has struggled to build a convincing rebound, which has limited confidence across the crypto sector. Weakness in major digital assets has also reduced appetite for riskier positions. If sellers keep control, the $1 level may become XRP’s next major destination, both as a psychological marker and as a downside target after nearby support failed.
A decisive break below $1 could trigger another round of liquidations and deepen bearish sentiment, according to the analysis. For the tone to improve, bulls would need to reclaim the former support area around $1.30 and establish a higher low. Until that happens, relief rallies may continue to serve as exit opportunities for sellers.