XRP Price Falls to $1.29 as Weekly 200 EMA Breaks, Raising Further Downside Risks
XRP has fallen below its weekly 200-day exponential moving average (EMA), adding to concerns about the cryptocurrency's technical outlook as its price declines to around $1.29. The move places XRP approximately 6% below the indicator, which currently sits near $1.377, while traders watch whether the token can recover this important technical level.
Crypto analyst Gerla highlighted the weakness in a post on X, warning that XRP's technical position was deteriorating after the latest weekly candle moved below the 200 EMA. “$XRP doesn’t look good here,” Gerla wrote, noting that the cryptocurrency had been trading directly on the indicator before the latest decline.
XRP Falls Below Weekly 200 EMA
The weekly XRP/USDT chart on Binance shows the token trading below its 200 EMA after struggling to sustain a recovery from its earlier losses. XRP began declining from the $3.60 area in July 2025 and subsequently dropped below $1.00 in August 2026.
The token later rebounded but encountered resistance around $1.60. That zone has limited recent recovery attempts, leaving XRP vulnerable to renewed selling pressure. Its latest pullback has now pushed the price beneath the weekly 200 EMA, raising questions about whether buyers can regain control.
A sustained move below the indicator could reinforce the bearish technical outlook. Conversely, a recovery above approximately $1.37 would return XRP above this benchmark and potentially improve its near-term chart structure.
XRP Declines 7% Over Seven Days
CoinMarketCap data cited in the source material places XRP at $1.29, down approximately 7% over the past seven days and 9% over the past month. The declines reflect the token's difficulty recovering to higher price levels following its earlier rebound.
The $1.00 area remains an important reference point on the weekly chart because XRP recently recovered after falling below that level. A renewed decline toward $1.00 would put the cryptocurrency back near the area where its latest rebound began.
Could XRP Be Approaching a Long-Term Market Bottom?
Despite the recent weakness, historical moving-average patterns suggest XRP could be approaching the lower end of its current bear cycle. In 2022, the token fell below its monthly 50-period and 100-period moving averages before reaching a low of $0.29.
The current technical picture differs from that earlier cycle. In 2026, XRP has dropped below its monthly 50-period moving average but remains above its monthly 100-period average, which is currently near $0.84.
This leaves room for further downside if selling pressure continues. XRP could revisit $1.00 or decline toward $0.84 before establishing a lasting bottom, although neither outcome is confirmed by the available technical indicators.
Monthly RSI Signals Mixed Conditions
XRP's monthly Relative Strength Index (RSI) stands at 46.16, slightly below its average reading of 49.49. Historical market cycles indicate that similar RSI readings can occur near longer-term buying opportunities, but the indicator alone does not confirm that a bottom is in place.
For a stronger recovery signal, XRP would need to reclaim important resistance levels. The weekly 50-period moving average, currently around $1.49, is one level to watch because a move above it would indicate improving buying pressure.
Until XRP recovers above that moving average and strengthens its broader technical position, the possibility of additional declines remains. The weekly 200 EMA near $1.377 and the lower support references around $1.00 and $0.84 are key levels highlighted by the current chart analysis.
source: thecryptobasic
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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