XRP is currently trading around $1.39, down 3% in the past 24 hours, and has extended its losses over the last 30 days to over 29%.
An uptick could trigger a relief bounce, sending prices higher, but the downside is that cryptocurrencies remain bearish as sellers continue to exert downward pressure on Bitcoin.
The cryptocurrency is therefore looking to hold above the key support zone below current levels amid Ripple’s latest push to bolster the XRP Ledger (XRPL).
A blog post by the team highlights plans to expand developer funding, with a focus on DeFi, RWA tokenization, payments, and infrastructure projects.
Ripple aims to accelerate real-world adoption of the XRPL, which is likely to drive XRP’s utility and contribute to long-term price gains.
Regulatory tailwinds like the advancing CLARITY Act could clarify crypto oversight, with XRP among tokens to benefit from fresh institutional entry and ETF inflows.
However, the short-term outlook suggests prices may revisit lower support levels.
XRP price: why is $1.20 in focus?
Ripple’s XRP has printed a weekly range of $1.32 and $1.47.
However, the struggle since touching highs of $1.64 in mid-February highlights a technical setup that could include a sweep to lows of $1.20-$1.10.
The area is a credible near‑term downside target before any sustained rebound, particularly amid current market weakness.
Analysts view $1.38 as a key support level, with daily closes above it being critical to the bulls’ ambitions. CryptoWzrd shared this take on X.
If XRP breaks below $1.38, the next key support level could be near $1.30.
A pullback in the asset, combined with broader weakness, will flag an extension toward $1.25-$1.20 as the next meaningful demand reload zone.
Prices touched the area on Feb. 6, when a bloodbath across cryptocurrencies pushed XRP from highs of $1.53 to under $1.15.
XRP price technical setup
XRP has been under pressure as Bitcoin weakness drags altcoins lower.
The token has printed lower since peaking above $3.55 in July 2025, and repeatedly failed to hold above the $2.00 level.
Currently, prices hover below key moving averages in the $1.60–$2.30 zone.
The daily RSI at 42 signals neutral momentum, but is sloping toward oversold territory.
Meanwhile, the MACD holds bullish but with weakening momentum.
XRP is currently trading below the 200-day EMA, which has capped its potential upward momentum since October 2025.
Reinforcing the bearish bias is the 200-week EMA, which now acts as a key resistance level.
XRP has previously swept lower after revisiting the EMA, with a retest of support before notable gains on rebound.
On the flipside, reclaiming $1.40-$1.42 as key support could allow for a bullish retest of the area around $1.84 to $2.20.
A potential breakout signal could reopen an upward path toward $3.00.
The post XRP price forecast: why $1.20 could be next target appeared first on Invezz
