XRP Price Slides Toward $1.20 Support as Bears Hold
XRP is trading around $1.33 and drifting lower without a clear catalyst, pressing toward the $1.20 support band. The 100-day moving average has been surrendered again and acts as overhead resistance near $1.40, while the 200-day moving average continues to fall around $1.60. RSI is hovering near 40, suggesting weak momentum and no clear sign of a base.
If XRP closes below $1.20, traders may see a notable technical break. The article notes this would be the first breach of that level since the February wick, potentially opening room for a drop toward the $0.60 zone.
For a bullish recovery setup, XRP would likely need to reclaim $1.40 (and the 100-day moving average) first.
On the XRP/BTC chart, the pair is near 1,760 sats and testing recent lows around 1,730 sats, with failure to sustain above ~1,800 sats. The 100-day and 200-day moving averages for XRP/BTC sit near 1,900 and 2,050 sats, respectively, and the ~2,000 supply area remains the key hurdle. Downside levels highlighted include the channel/demand area near 1,500 sats if the low breaks. Overall, the article expects XRP to continue underperforming BTC as market sentiment stays cautious.
Bearish
The article frames XRP’s current move as a steady grind lower with bearish technical structure. XRP is near a critical $1.20 support band, while the 100-day moving average around $1.40 remains overhead and the 200-day moving average (~$1.60) continues to decline. RSI near 40 reinforces weak momentum and “no floor yet.” If $1.20 breaks, the likely confirmation (a close below support) could accelerate selling and lead to a larger drawdown toward $0.60—similar to past instances where well-watched support levels failed after multiple tests.
Meanwhile, XRP/BTC weakness suggests relative underperformance versus BTC. The pair struggling below ~1,800 sats and facing the 100D/200D hurdles near 1,900/2,050 sats implies rallies may be sold, keeping traders cautious in the short term. In the long term, a bearish bias would persist until XRP can reclaim key moving averages and regain $1.40; otherwise, any rebounds may remain corrective rather than trend-reversing.