Important requirements
- XRP has dropped below $1.25 after three straight days of losses, its lowest level since February 6.
- The bearish performance comes as major crypto markets remain under pressure from global tensions.
Ripple’s XRP dropped below $1.25 support on Tuesday after extending losses for the third day in a row, marking its weakest price since February 6.
The broader cryptocurrency market continues to face selling pressure as investors take risks, led by rising tensions between countries in the Middle East.
Although US President Donald Trump has said that a peace deal with Iran could be reached “next week,” uncertainty continues.
A CNN report also said that talks between the two countries had resumed after Iran suspended talks following Israel’s attack on Lebanon, causing the stock market to falter.
The social capital exchange shows continued institutional interest in XRP
Despite the price drop, XRP continues to attract investment from investors in digital investments, including US-listed funds (ETFs).
According to CoinShares, about $20 million went into XRP-related transactions in the week ending June 1, making it one of the few stocks to record $1 million in revenue.
At the ETF level, XRP trading recorded $4.13 million in total revenue last week, extending a five-week streak of success.
Total assets reached about $1.43 billion, with total assets under management standing at $1.11 billion, according to SoSoValue data.
Technical outlook for XRP: bearish pressure is building under the moving keys
XRP is trading around $1.23, remaining below its short, medium, and long-term keys, strengthening the near-term outlook.
Momentum indicators are also showing continued pressure. The MACD histogram remains in the negative, while the Relative Strength Index (RSI) is sitting near 37, approaching the oversold zone but still showing further upside.
If the bulls regain control, immediate resistance is seen at the 50-day EMA around $1.38, followed by the 100-day EMA around $1.45.
A strong pullback would require a break above the downtrend near $1.52. A bigger reversal could be indicated if XRP retraces the 200-day EMA around $1.65.
Although institutions continue to provide support, XRP is still under pressure due to high uncertainty and technical weakness.
With buyers unable to defend the $1.25 support level, XRP may drop below $1.20 soon.
