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XRP falls below $1.20, faces bearish pressure with key resistance at $1.32 for recovery

Technical Signals
04 Jun 2026
Blockonomi
View Source
Bearish
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XRP dropped below the $1.20 support level, hitting a low of $1.1401 amid ongoing bearish momentum influenced by broader crypto market weakness. Trading remains under the 100-hour moving average, with technical indicators showing oversold conditions that may prompt a short-term rebound. A sustained break above $1.1950 is needed for a recovery attempt, with $1.32 as a critical resistance that could signal a trend reversal. Analysts warn of a possible decline to $0.84 if support fails, highlighting cautious outlook despite some optimism for a future price surge.

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