XRP Price Plunge: Is $1 Next After $1.50 Rejection?

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<a href="https://minority-mindset.com/xrp-usd/">XRP</a> ‘Under Heavy Resistance’ After Key $1.50 Rejection – Is A Drop To $1 Next?

XRP is currently trying to maintain a key price level, and experts are watching closely to see if the recent price drop is just a short-term dip or the beginning of a larger decline.

XRP Rally Faces Critical Resistance

As an analyst, I’ve been watching XRP closely, and it continued its downward trend on Tuesday, hitting a low of around $1.35 – a price we haven’t seen since late April. Over the past month, the price has been bouncing between $1.36 and $1.50, with several attempts to push higher, but it hasn’t been able to sustain a breakout.

As a researcher tracking this altcoin, I observed a significant rally last Thursday. Driven by progress on the CLARITY Act, the price briefly broke through a key resistance level, hitting a two-month high of $1.54. Unfortunately, that upward momentum didn’t hold, and the price has since fallen back by about 12% over the last five days.

According to market analyst ChartNerd, XRP could fall to lower prices after recently testing the $1.35 level. They believe the technical data supports this possibility, pointing to strong resistance above and a bearish signal called a ‘death cross’ appearing on the weekly Stoch RSI chart.

He highlighted two important resistance levels for XRP at $1.50 and $1.80, based on the 20 and 50 week Exponential Moving Averages. These levels haven’t been challenged since they crossed over in January 2026, a point that coincided with XRP falling to a low of $1.11 in February.

As I’ve been observing XRP, I’ve noticed a pattern with the Stoch RSI. Specifically, when it crosses over on the weekly chart, it’s often signaled a temporary peak in price. The last two times this happened, we saw significant price drops. Most recently, this crossover actually preceded the relief rally we saw, which ultimately led to the bearish weekly EMA crossover about four months ago. It’s a signal I’m keeping a close eye on.

The price recently reached $1.54 before falling back to test a key moving average – the 20-week EMA – for the first time since January. According to an analyst, if the price can’t break above this level and hold it as support, it could signal another price drop later in the year.

‘Next Big Move’ Targets $1?

ChartNerd believes XRP needs to rise above its key moving averages and then hold those levels as support to suggest the current downward trend might be ending, but they currently don’t see enough positive signals to confirm that’s happening.

Even if the altcoin temporarily rises to $1.80, the analyst believes it probably won’t stay there. They expect the price to fall back down, likely revisiting price levels around $1.00 or lower, effectively retracing the recent price swing.

He warned that if the altcoin fails to break through these key moving averages, its price could fall to around $0.70 – a price level that previously acted as a strong resistance and hasn’t been challenged since.

According to analyst Ali Martinez, XRP is poised for a significant price change. He noted that the cryptocurrency is exhibiting a very strong Bollinger Band squeeze on its three-day chart – the tightest in over a year. He considers the current price range a period where it’s best to avoid making trades.

He pointed out that when price movement becomes very narrow like this, it often means a large price swing is coming soon. Because of this, the analyst recommended investors wait for a clear signal – specifically, three consecutive days of price closes outside of the current $1.29 to $1.50 range – before deciding which way the price is likely to move next.

If the price closes above the upper limit, it suggests a likely rise towards $1.80. However, if the price falls below the lower limit, it would negate the current upward trend and could lead to a larger drop, potentially towards the $1.00 support level.

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2026-05-20 09:05