If the XRP price loses this current support, it will fall below this level

Featured in:
abcd

XRP spent the better part of four months establishing a trading range that included a series of contested highs and lows that kept both bulls and bears engaged.

It’s a semblance of stability now in solemn danger, as the cryptocurrency has returned right to the support level that anchored its lows during the consolidation. XRP losing this level of support will determine the next significant directional move.

sadasda

XRP returns to the same low level

XRP price action on the daily candlestick chart shows that the cryptocurrency is currently locked in a consolidation range that has been forming since February 2026. The upper end of the range is around $1.55, capping much of the upside since February, while the lower end is hovering around the $1.26 to $1.28 area.

Analysis, which has been published on the social media platform it has since declined to about $1.16.

Source: Chart from Guy on the Earth on X

This loss of support matters because the lower range was one of the purest technical levels on the chart. XRP had previously reacted in this area during the earlier declines in March and April, which meant that this was the point where buyers were expected to defend this structure again.

However, now that the situation is different, a weekly close below the range would weaken this assumption and suggest that the month-long sideways move has ended in favor of sellers.

Unfavorable scenarios: USD 1.10 to USD 0.63

The Guy on the Earth analyst whose chart forms the basis of this analysis presented the following case lose previous support area puts XRP on a path to $1.10, just below its early February low. This scenario already appears to be playing out as the cryptocurrency is currently trading below its low range, down 6.1% in the last 24 hours.

The more consequential question is how far a sustained breakdown extends from $1.10. The most likely lower zone is between $0.75 and $0.95 if range support is lost and a deeper correction occurs.

Crypto analyst Patel weighs in regardless of Xhe pointed to the $1.10-$1.30 range as the current accumulation zone and stated that if this support is broken, buying in the $0.65-$0.85 range could become a generational trend.

This range would be painful for holders, but would still be within a larger bull market pullback if XRP eventually stabilizes and returns to higher levels. The worst-case upside scenario in the analysis is around $0.63, which would be XRP it gives almost everything growth in the bull market from the end of 2023 before you find a lasting one support.

XRP
XRP Trading at $1.14 on 1D Chart | Source: XRPUSDT on Tradingview.com

Featured image from Freepik, chart from Tradingview.com

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

The SEC-CFTC Commodities Position Is First Real Political Stress...

The SEC and CFTC have spent years circling the same problem from different angles: where does crypto...

Bitcoin price drops below 62.5 thousand. dollars as strikes...

Bitcoin (BTC) fell below $62,500 at Friday's opening on Wall Street as stock markets took a fresh...

UK Convicts 2 Hackers Linked to $115 Million Crypto...

Britain's National Crime Agency (NCA) and London Police said two men linked to the "Scattered Spider" hacking...

ESMA adds 14 fresh CASPs to MiCA register amid...

European authorities added 14 cryptocurrency firms to the Markets in Crypto-Assets (MiCA) framework registry in a second...

Balaji seeks agreement in Malaysia, threatens to quit after...

Network school founder Balaji Srinivasan is seeking to sign a memorandum of understanding with Malaysia after authorities...

Ordinals supporter Leonidas proposes a fresh Bitcoin client: “$DOG...

Bitcoin Ordinals supporter Leonidas has proposed the development of a fresh open-source Bitcoin client aimed at removing...