XRP drops toward the key $1.20 support level as bears remain dominant

crypthub

about 13 hours ago

Current Price and Trend

XRP trades around $1.33, quietly slipping toward its lowest level since March without a clear catalyst. The descent is a slow drift that has defined the second half of May. The $1.20 support band is now the nearest hurdle, and the 100‑day moving average has been handed over again. The XRP/BTC pair mirrors this fragility, testing recent lows.

Technical Indicators

In the USDT pair, price sits just below the upper edge of a descending channel, while the 100‑day moving average at $1.40 acts as overhead resistance. The 200‑day average hovers near $1.60 and the RSI hovers around 40, showing no firm floor. A break below the $1.20 demand zone would be the first since February and could open a path toward $0.60. Conversely, any bounce must first retake $1.40 to suggest a real recovery.

BTC Pair Dynamics

XRP/BTC trades near 1,760 sats, pressing a pink support level around 1,730 sats and struggling to stay above 1,800 sats. RSI has oscillated between 30 and 60 throughout May, indicating a lack of clear momentum. The 100‑day and 200‑day moving averages sit at roughly 1,900 sats and 2,050 sats, serving as recovery targets. If the recent low breaks, the next downside could be near 1,500 sats, keeping XRP underperforming BTC.