Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
XRP Flips $1.3 From Support to Resistance: Here’s the Next Key Support if $1 Fails

XRP Flips $1.3 From Support to Resistance: Here’s the Next Key Support if $1 Fails

CryptoNewsNetCryptoNewsNet2026/06/19 10:57
By:CryptoNewsNet
Back to the list

XRP Flips $1.3 From Support to Resistance: Here’s the Next Key Support if $1 Fails

XRP Flips $1.3 From Support to Resistance: Here’s the Next Key Support if $1 Fails image 0  thecryptobasic.com 27 m
XRP Flips $1.3 From Support to Resistance: Here’s the Next Key Support if $1 Fails image 1

$XRP has flipped the pivotal $1.3 range from support to resistance, with bears now eyeing the psychological $1 level as the next area to conquer.

The $XRP price remains under selling pressure after losing a key support zone around $1.3 earlier this month. Recent price action now shows that this zone, which was once a support area, has become a major resistance level.

This change in market structure suggests sellers still have the upper hand as $XRP moves closer to a support region that could determine its next direction.

$1.3 Range Turns into Resistance

On June 1, $XRP fell below the $1.27 to $1.31 range, a level that had previously served as an important support area.

For context, following the market crash in early February 2026, $XRP managed to hold above this zone for several months, defending against any crash below it. However, this changed at the beginning of June when the asset finally lost this support.

After breaking below the range, $XRP continued its decline and dropped to around $1.05 by June 6. This level marked a new low for the year and sits close to the important psychological support at $1, which makes it one of the most watched areas on the chart.

The market later confirmed the change in trend when $XRP attempted a recovery earlier this week. The asset climbed to $1.29 but failed to push higher, facing rejection right within the former support zone. This reaction confirmed that the $1.27 to $1.31 area has now turned into resistance.

Since reaching $1.29 on Monday, $XRP has lost more than 12% of its value and now trades around $1.13. The asset has also recorded three straight intraday declines and appears set for a fourth consecutive loss. As a result, $XRP now looks to be moving back toward the critical $1.05 support region.

Bollinger Bands and DMI Show Strong Bearish Pressure

Several indicators confirm the current bearish outlook. Notably, the lower Bollinger Band stands at $1.05236, placing it almost exactly at the $1.05 support level. This shows the importance of the area.

The Directional Moving Index (DMI) also shows that sellers continue to control the market. The positive directional indicator (+DI) has fallen to 20.4, while the negative directional indicator (-DI) has risen to 27.45 and continues to move higher.

XRP Flips $1.3 From Support to Resistance: Here’s the Next Key Support if $1 Fails image 2 $XRP Seeing Bearish Pressure

Meanwhile, the Average Directional Index (ADX) has reached 27.9. Since the ADX measures trend strength, this reading indicates that the current downtrend remains strong. For $XRP to begin a recovery, both the ADX and the -DI would need to start weakening, indicating a loss of bearish momentum.

What Happens if $XRP Loses the $1 Support?

If the current downward trend continues, buyers will likely try to defend the $1.05 support area. However, losing this level could create further problems for $XRP. As the support aligns with the lower Bollinger Band, a break below it could open the door to a much deeper decline.

The next major support sits near the 1.618 Fibonacci extension level around $0.83. A drop to this area would put $XRP in a difficult position, as the asset would first need to reclaim the $1 psychological level before attempting another move toward the $1.30 region.

However, this task may not be easy. Notably, once a major psychological support level breaks, it often turns into strong resistance. If $XRP loses $1, buyers could face another challenge when trying to push the asset back above that mark.

Key Levels $XRP Must Reclaim to Recover

To avoid a larger decline, $XRP needs to rebound quickly and regain the $1.143 level. This price aligns with the 0.786 Fibonacci retracement and represents the first major hurdle for a recovery.

A move above $1.143 could give buyers enough strength to reclaim the middle Bollinger Band, which currently sits at $1.17. If this happens, $XRP could then target the 0.618 Fibonacci retracement level at $1.21 before making another attempt at the upper Bollinger Band near $1.29.

XRP Flips $1.3 From Support to Resistance: Here’s the Next Key Support if $1 Fails image 3 $XRP Levels to Watch

However, even if the asset moves higher, the resistance between $1.27 and $1.31 could once again stop the rally if buying momentum remains weak. Also, reclaiming this range alone would not fully change the broader market outlook.

For $XRP to move out of bearish territory, it must secure a strong close above $1.6. This level stopped the asset’s recovery attempt in mid-March and has remained a major obstacle ever since. Since losing $1.6 during the early February decline, $XRP has repeatedly failed to regain it.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners

Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.

华尔街见闻•2026/11/12 03:56
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners

If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.

The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.

华尔街见闻•2026/11/12 03:46

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.

智通财经•2026/11/12 03:42
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%

For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.

智通财经•2026/11/12 02:47
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%