How Low Can XRP Price go After Falling Below $1.30?
XRP (XRP) price dropped to $1.26 on Thursday, its lowest in over 16 weeks. A bearish technical setup suggested that the pressure may extend into June. Key takeaways:XRPs bear pennant pattern breakdown on the weekly chart targets $0.63.XRP social sentiment hit a three-week low, while Net Unrealized Profit/Loss data shows rising fear and investors underwater. XRP price bear pennant breakdown underway XRP has been displaying several bottoming signals, including a falling MVRV ratio and rising XRP Ledger activity, which suggested that the price was . The latest drop, however, has seen the XRP/USD pair drop below this zone to enter the breakdown phase of its bear pennant setup, as shown on the weekly chart below. XRP has dropped below the pennants lower trendline at $1.35, opening the way for a deeper move toward the measured target of the prevailing chart pattern at $0.63, a 50% drop from the current price. XRP became “structurally bearish” with the latest breakdown below $1.30, analyst Egrag Crypto in a Thursday post on X, adding: “The bearish targets are $1.27, $1.1 and a possible capitulation wick toward $0.88.” Technical analyst ChartNerd that after breaching the support line at $1.30, the path is now clear for a drop toward $1 “sooner rather than later.” As









