XRP has broken below the key psychological and technical support level of $1.30. Following a period of distribution throughout May, the token faces heightened selling pressure at the beginning of June.
The technical breakdown coincides with scheduled network updates and localized supply expansions, forcing traders to re-evaluate near-term downside risks and potential reversal areas.
XRP Price Prediction: Downside Acceleration and Key Targets
The 4-hour XRP/USD chart shows a definitive breakdown from a descending triangle structure. The descending yellow trendline has consistently suppressed attempted relief rallies since mid-May, capping higher bounds and compressing price action into horizontal support.
Downside Targets (Support Levels)
- $1.20 Zone: This is the immediate and most critical macro support level on the chart. If selling pressure continues to accelerate, the $1.20 mark serves as the primary defensive floor where historical demand has previously emerged.
- Below $1.20: A failure to hold the $1....
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