XRP Faces Test of 2026 Cycle Bottom

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 03 2026

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Downward Price Trend: XRP is currently trading at $1.24, down 7% for the week, having broken below both the 50-day and 100-day simple moving averages, indicating a potential for further declines that investors should approach with caution.
Liquidity Cluster: According to CryptoQuant analysis, XRP's current price is within a liquidity cluster between $1.20 and $1.13, with the 2026 cycle bottom at $1.1239 just $0.12 away, suggesting an imminent test of this critical level.
Exchange Divergence: Bybit's XRP futures positioning has contracted by nearly 24% in under two weeks, while Binance added approximately $20 million in open interest during the same period, reflecting a split market sentiment regarding XRP's future direction.
Key Support Level: The immediate key support level for XRP is $1.20; if this level fails to hold, there will be no established buyer demand zones to halt the decline, potentially leading to a test of the $1.1239 cycle bottom, necessitating close monitoring of market developments.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.845	0.927	1	1.082	1.155	1.237	1.309
Fibonacci	0.927	0.986	1.023	1.082	1.141	1.178	1.237

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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