XRP dropped 7% over the past seven days, pushing the token closer to a critical support zone near $1.2. Sellers have returned in force, and technical indicators suggest the downturn isn't over yet.
Why the selloff is accelerating
The 2-day MACD turned bearish on May 19, and since then the price has been making lower lows. The MACD histogram is falling and accelerating – a sign that the downtrend is gaining speed. Volume is climbing as the price drops, which traders consider an extremely bearish signal. Over the past two weeks, buyers managed to control the price only once on the 2-day timeframe. That single rally fizzled fast.
Support levels under pressure
The next major support sits at $1.2, with a deeper floor at $1. If sellers punch through $1.2, the drop to $1 becomes a real risk. Resistance levels above are clustered at $1.4, $1.6, and $2 – meaning any bounce would have to climb a steep wall of selling pressure. For now, the bias is firmly bearish, and most traders expect the slide to continue before any serious relief rally takes shape.
The key question is whether $1.2 will hold. If it does, the token could attempt a recovery toward $1.4. If it doesn't, the next stop is $1. That level hasn't been tested since early this year. With volume rising and the MACD accelerating downward, the path of least resistance remains lower. No catalyst has emerged to reverse the momentum. Until sellers exhaust themselves, the downtrend looks set to continue.
