XRP’s price has slipped below the $1.20 mark as the broader cryptocurrency market experiences weakness led by Bitcoin and Ethereum. The downward momentum has intensified, placing the $1.1950 resistance and $1.1550 support levels under close scrutiny for short-term traders. The supporting evidence appears in TradingView.
The recent market downturn has pushed XRP beneath its 100-hour simple moving average on the hourly chart, signaling a bearish trend. The token’s failure to reclaim the $1.1950 resistance level suggests limited upside potential in the near term, while a breach below $1.1550 could accelerate selling pressure.
Market Dynamics Driving XRP's Decline
On June 4, 2026, XRP entered a fresh downtrend influenced by intensified selling in Bitcoin and Ethereum, which cascaded through the altcoin market. XRP initially fell below $1.20, then lost additional support at $1.1950 and $1.1920, entering a short-term negative zone.
The decline deepened to just under $1.18 before finding a temporary floor near $1.1401, where the price attempted a sideways recovery.
Despite this stabilization attempt, XRP remains below critical resistance points and the 100-hour moving average, indicating that buyers have yet to regain control.
Technical indicators reinforce this bearish sentiment: the hourly MACD is gaining momentum in the negative zone, and the RSI remains below 50, reflecting weak buying pressure.
Key Resistance and Support Levels to Watch
The $1.1950 level has emerged as a pivotal resistance barrier. For XRP to regain bullish momentum, it must first surpass intermediate resistance at $1.1880, then clear $1.1920 and $1.1950.
A successful hourly close above $1.1950 could open the door for a retest of the $1.20 psychological level.
Further upside would require breaking through the $1.220 resistance, which could then target $1.250, the 50% Fibonacci retracement level of the prior decline from $1.3640 to $1.1401. Beyond that, $1.2850 stands as a potential next target if bullish momentum strengthens.
On the downside, failure to overcome $1.1950 may trigger renewed selling. Initial support lies at $1.160, with the critical support at $1.1550.
A close below $1.1550 could intensify selling pressure, pushing XRP toward $1.150 and then the $1.1440 to $1.140 range. A more severe breakdown might lead to retesting the $1.140 support level.
Short-Term Outlook Hinges on $1.1950 Barrier
XRP’s immediate price trajectory depends heavily on its ability to break and hold above $1.1950. Remaining below this resistance is likely to maintain downward pressure, while a decisive break could foster a stronger recovery.
In such a scenario, $1.20 becomes the first psychological hurdle, followed by $1.220 and $1.250 as key levels for buyers to monitor.
