XRP's hourly death cross marks the token's weakest technical setup since the SEC lawsuit ended in 2025.
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XRP falls 3% to $1.13 as death cross points to $1 support test
XRP fell 3.2% to $1.13 after its hourly chart printed a death cross on June 20, with selling pressure intensifying through the week.
CoinGecko data shows XRP has lost 12% over the past seven days, underperforming Bitcoin's 4% decline over the same period. Trading volume reached $1.8 billion in the 24 hours ending at 18:00 UTC, above the 30-day average of $1.2 billion.
The death cross formed as the 50-period exponential moving average crossed below the 200-period EMA on the hourly chart, a pattern traders use to identify momentum shifts. XRP's all-time high of $3.84 from January 2018 remains 71% above current levels. The token has not traded above $2 since July 2025.
A break below $1 would represent a 12% decline from current levels and mark XRP's lowest price since November 2025. The $1 level has acted as support on four occasions over the past 12 months, according to TradingView data. A sustained close below that threshold opens the path toward $0.85, the next major support level.
The death cross arrives at a fragile moment for XRP. The token's legal overhang cleared in 2025 when Ripple settled its lawsuit with the SEC, yet the price has failed to reclaim its post-settlement highs. Five spot XRP ETFs have accumulated $1.45 billion in cumulative flows, but that institutional demand has not been enough to offset broader selling pressure.
The CLARITY Act, which cleared a key Senate committee in May 2026 and would provide clear regulatory rules for digital assets, remains the most significant event on the horizon. But the bill needs 60 votes in the Senate and faces a narrow window before lawmakers break for summer midterm campaigning. Even the most bullish institutional forecasts target $20 for 2029, not this cycle.
What the charts say
The hourly death cross follows a broader deterioration in XRP's daily chart. The token has formed lower highs since March 2026, when it traded above $1.80. The relative strength index on the daily chart sits at 38, approaching oversold territory but not yet at levels that historically preceded reversals.
Open interest in XRP futures fell 15% over the past week to $620 million, Coinglass data shows, suggesting traders are closing positions rather than adding new ones. Funding rates have turned negative across major exchanges, meaning short sellers are paying to maintain their positions — a sign the market is betting on further downside.
What comes next
The $1 level is the line in the sand. XRP's market capitalization at $1 would be approximately $62 billion, ranking it among the top 10 cryptocurrencies. A break below that level would test the August 2025 lows near $0.85, a decline of 25% from current prices.
On the upside, resistance sits at $1.25 and then $1.40, levels that capped rallies in May and early June. A trigger would be needed to break through — either the CLARITY Act advancing through the Senate or a broader altcoin season that lifts all tokens. Neither appears imminent.
This article is for informational purposes only and does not constitute investment advice.
