- XRP price broke below the key $1.30 support level
- Analysts are watching $1.13, $0.90, and $0.70 support zones
- Short-term rebounds may occur despite broader bearish conditions
XRP is facing a critical technical test after losing the $1.30 support level that held for months. Analysts warn that the breakdown could open the door to further downside, with key support zones now sitting at $1.13, $0.90, and potentially $0.70. While some remain bullish long term, short-term momentum continues to favour sellers.
XRP Price Breaks Key Support as Bearish Momentum Builds
XRP price is facing growing pressure after breaking below the important $1.30 support level. Analysts have identified this zone as a major floor for several months. The latest move has shifted attention toward lower support levels as selling pressure increases.
The XRP price breakdown comes as traders await the weekly candle close. Market participants are watching whether the move below $1.30 receives confirmation on a higher timeframe. A confirmed breakdown could strengthen the current bearish outlook.
XRP price structure has weakened considerably in recent weeks. The token also lost support between $1.27 and $1.28, which briefly held after the initial decline. This has increased concerns about further downside risk.
Meanwhile, Crypto Patel continues highlighting a longer-term bullish view. The analyst stated that investors who accumulated XRP below $1 may benefit if the asset eventually reaches a $10 target.
XRP Price Faces Lower Targets as Technical Structure Weakens
The next support level for XRP price sits near $1.13. This area is roughly 6% below current trading levels and could be tested if sellers maintain control.
If the XRP price fails to hold above $1.13, analysts see the next major support between $0.90 and $1.00. A move into this range would represent a decline of more than 20% from current levels.Â
Some analysts have also identified $0.70 as a deeper support level. This zone previously acted as resistance before becoming support on long-term charts. A drop toward this level would represent a much larger correction.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
