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XRP drops 3.2% amid weakening momentum and critical support test near $1.10

Technical Signals
06 Jul 2026
Blockonomi
View Source
Neutral
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XRP's price fell 3.21% to $1.13 with a 43.3% drop in trading volume, signaling weakening momentum as technical indicators show a potential bearish death cross and a critical support zone between $0.80 and $1.10. Despite this, XRP is at its most oversold level in 13 years, suggesting a possible accumulation phase before a rebound. Analysts highlight a symmetrical triangle pattern nearing resolution, with potential upside targets ranging from $2 to $53 if key support holds and momentum returns. The next resistance to watch is the 200-week moving average around $1.20, which could determine XRP's short-term direction.

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