XRP Price Loses Ground As Bearish Pressure Quietly Builds

XRP price started a downside correction below the $1.3420 zone. The price is now showing bearish signs and might decline further below $1.3150.

• XRP price started a downside correction after it failed to stay above the $1.3450 zone.
• The price is now trading above $1.3150 and the 100-hourly Simple Moving Average.
• There is a declining channel forming with resistance at $1.3380 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could continue to move down if it stays below $1.3420.

XRP Price Dips Below Support

XRP price struggled to stay above $1.3520 and started a fresh decline, like Bitcoin and Ethereum. The price dipped below the $1.350 and $1.3450 levels.

The price declined below $1.3420. There was a clear move below the 38.2% Fib retracement level of the upward move from the $1.2658 swing low to the $1.3642 high. Besides, there is a declining channel forming with resistance at $1.3380 on the hourly chart of the XRP/USD pair.

The price is now trading above $1.3150 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3380 level. The first major resistance is near the $1.3420 level, above which the price could rise and test $1.350.

A clear move above the $1.350 resistance might send the price toward the $1.3580 resistance and the trend line. Any more gains might send the price toward the $1.3650 resistance. The next major hurdle for the bulls might be near $1.3740.

More Downside?

If XRP fails to clear the $1.3380 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.320 level. The next major support is near the $1.3150 level and the 50% Fib retracement level of the upward move from the $1.2658 swing low to the $1.3642 high.

If there is a downside break and a close below the $1.3150 level, the price might continue to decline toward $1.3120. The next major support sits near the $1.3050 zone, below which the price could continue lower toward $1.2920. Any more losses might call for a test of $1.2880.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $1.3200 and $1.3150.

Major Resistance Levels – $1.3380 and $1.3500.

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Ethereum Price Slide May Not Be Over Yet—More Losses Loom

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down.

• Ethereum remained in a bearish zone after a fresh decline below $2,010.
• The price is trading below $2,010 and the 100-hourly Simple Moving Average.
• There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move down if it stays below the $2,050 zone.

Ethereum Price Remains At Risk of More Downside

Ethereum price failed to remain stable above $2,040 and started a fresh decline, like Bitcoin. ETH price dipped below the $2,020 and $2,010 levels.

The price even traded below $1,985. A low was formed at $1,965, and the price recently attempted a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low.

However, the bears remained active near $2,040. The price dipped again below $2,020. There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD.

Ethereum price is now trading below $2,010 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,980, the price could attempt another increase. Immediate resistance is seen near the $2,020 level. The first key resistance is near the $2,030 level.

The next major resistance is near the $2,050 level or the 50% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low. A clear move above the $2,050 resistance might send the price toward the $2,085 resistance. An upside break above the $2,085 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term.

More Downside In ETH?

If Ethereum fails to clear the $2,050 resistance, it could start a fresh decline. Initial support on the downside is near the $1,980 level. The first major support sits near the $1,965 zone.

A clear move below the $1,965 support might push the price toward the $1,920 support. Any more losses might send the price toward the $1,850 region. The main support could be $1,780.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,980

Major Resistance Level – $2,050

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Bitcoin Price Teeters Near The Edge As Bears Eye Another Breakdown

Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500.

• Bitcoin failed to stay above $74,200 and extended losses.
• The price is trading below $73,800 and the 100 hourly simple moving average.
• There was a break below a rising channel with support at $73,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might extend losses if it stays below the $74,200 and $74,500 levels.

Bitcoin Price Turns Red

Bitcoin price failed to stay above the $75,000 support zone. BTC remained in a bearish zone and extended losses below the $74,500 level. There was a move below the $74,000 level.

The price even dipped below $73,000. A low was formed at $72,470 and the price recently attempted a recovery wave. There was a minor move above the 23.6% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low.

However, it faced resistance near $74,000. Recently, there was a break below a rising channel with support at $73,550 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $73,800 and the 100 hourly simple moving average.

If the price remains stable above $72,000, it could attempt a fresh increase. Immediate resistance is near the $73,850 level. The first key resistance is near the $74,000 level. A close above the $74,000 resistance might send the price further higher. In the stated case, the price could rise and test the $74,500 resistance.

Any more gains might send the price toward the $75,150 level or the 50% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low. The next barrier for the bulls could be $75,500.

Downside Continuation In BTC?

If Bitcoin fails to rise above the $74,200 resistance zone, it could start another decline. Immediate support is near the $73,000 level.

The first major support is near the $72,500 level. The next support is now near the $72,000 zone. Any more losses might send the price toward the $71,500 support in the near term. The main support now sits at $70,850, below which BTC might struggle to recover in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $72,500, followed by $72,000.

Major Resistance Levels – $74,000 and $74,500.

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Cardano Price Could Close May Below This Multi-Year Support — What’s Next?

After hitting its cycle high last August, the Cardano price has continued in a downward slope toward lows not seen since 2024. Despite the calls of an altseason early into May, the ADA token has erased all the gains realized at the beginning of the month. Interestingly, the current Cardano price structure suggests the altcoin may be at risk of further downside in the coming months if it closes below a significant support level in May.

ADA Price Could Fall 78% If This Support Is Broken

In a May 30th post on the X platform, crypto analyst Ali Martinez revealed that the Cardano price has been hovering around a make-or-break level over the past couple of weeks. Looking at the highlighted monthly chart, the altcoin is at risk of closing the month of May below a major historical support level.

As shown in the chart below, the Cardano price has been trending within a multi-year channel formation since 2021. After reaching the upper boundary of the channel at $1.195 in early 2025, the cryptocurrency’s price has been in a steady decline, losing a significant support level around $0.544 last November.

Now, as Martinez identified, the next definitive floor in sight for the Cardano price is around $0.247, which has acted as major support in the past. In fact, this support level kick-started the last rally that saw the price of ADA reach $1.195.

However, the Cardano price has drifted beneath this support level over the past few days, falling to as low as $0.232. With the end of May rapidly approaching, it would be interesting to see whether the ADA candlestick eventually closes below the $0.247 floor over the next day.

Martinez wrote in the X post:

As the monthly close approaches, maintaining a position below $0.247 alters the immediate market structure, suggesting a deeper valuation phase is underway.

According to the crypto analyst, if the Cardano price sustains its close beneath this historical support level, the next “high-conviction macro targets for long-term accumulation” lie around $0.113 and $0.051. Essentially, investors could see the price drop by nearly 78% (from the current price point) if ADA remains below $0.247.

However, it is worth noting that the altcoin could bounce back to around $0.544 if this major channel support holds and demand returns to the crypto market.

Cardano Price At A Glance

As of this writing, the price of ADA stands at around $0.237, reflecting an over 2% jump in the past 24 hours.

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Bitcoin Short-Term Holders Move 107,760 BTC In A Single Day — Details

According to historical data, the price of Bitcoin has never posted three consecutive months of positive performance in a bear-market year. This trend is about to continue in 2026, with May looking likely to end in the red for BTC after optimistic performances in March and April, and at the start of this month. Recent on-chain data suggests that short-term investors may also be capitulating amid Bitcoin’s disappointing price action over the past few weeks.

Are BTC’s Short-Term Investors Losing Conviction?

In a Quicktake post on the CryptoQuant platform, market analyst RugaResearch revealed that a specific cohort of Bitcoin investors moved a significant amount of BTC in the past day. This set of investors is known as the short-term holders, who are famous (or infamous) for being the most reactive in the market.

Specifically, RugaResearch reported that 107,760 BTC within the 1-month to 3-month Spent Output Age Band moved in a single day, the largest value on-chain movement (within this age band) in more than seven months. For context, the Spent Output Age Bands is an on-chain indicator that segments spent transaction outputs into age brackets, showing the proportion of total coins moved and how long they were inactive.

The 1- to 3-month Spent Output Age Band tracks Bitcoin purchased between late February and late April (from the beginning of BTC’s recovery to around $80,000 last month). RugaResearch said that when this age band witnesses an aggressive move, like the one recently seen, it means that the most recent investors are reacting rather than accumulating.

The crypto pundit spotlighted that the movement of these 107,760 BTC while the Bitcoin price is sub-$74,000 means that a significant portion of the 1-month to 3-month Spent Output Age Band is out of the money — or near breakeven, at best. While it remains to be seen why this move occurred, this shake-up does not suggest conviction among the most reactive set of investors.

RugaResearch wrote:

Exchange inflows tell you if these coins are heading to sell. If they land on exchanges, this flush has legs. If they’re moving to cold storage or OTC desks, it’s redistribution under pressure.

Hence, centralized exchanges’ data is one of the signals to watch in the coming days to decipher the purpose of this move.

Bitcoin Price Momentum Stays Negative For Eight Days

At the same time, RugaResearch revealed a worrying trend with the Bitcoin Price Momentum indicator, which has stayed negative since May 22nd. After rising to a nearly one-year high of +20.5% on May 5th, the on-chain metric dropped by 12.9 percentage points about ten days later.

After flipping to negative a little over a week ago, the Bitcoin Price Momentum currently sits at 4.07%. “When 1m-3m spent output spikes 6.7x overnight while momentum bleeds for 8 straight days, the positioning game shifts,” the market analyst concluded.

As of this writing, the price of BTC stands at around $73,410, reflecting a mere 0.4% dip in the past 24 hours.

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XRP And XLM Correlation Sparks Hopes Of A Recovery Surge

XRP and XLM are once again drawing attention as their long-standing price correlation fuels expectations of a potential recovery rally. If history repeats itself, the recent move in XLM could signal that XRP is preparing for a bullish breakout of its own, potentially reigniting confidence across the broader XRP ecosystem. 

Could XLM’s Breakout Be The Catalyst For XRP’s Next Rally?

Crypto analyst Bird highlighted a compelling structural possibility for XRP, suggesting that if it mirrors the powerful weekly candle recently delivered by XLM, a rapid ascent above the $2 threshold could be imminent. This move would serve as a vital marker, effectively invalidating the recent bearish trend and signaling a new phase of accelerated growth for the asset.

Such a breakout would do more than just shift the price; it would fundamentally transform market sentiment. By restoring confidence and generating renewed excitement, this surge would likely flood the XRP ecosystem with fresh capital, confirming that the worst of the recent corrective phase is finally behind us. 

For long-term XRP holders, this momentum would act as a catalyst for heightened activity across the entire ecosystem, driving increased liquidity and participation in memes, NFTs, and Automated Market Makers (AMMs). This surge in engagement across XRP and the XRP Ledger would underscore the interconnected nature of the ledger’s economy during periods of bullish expansion.

Furthermore, the technical validity of this scenario is bolstered by the multi-year standing correlation between XRP and XLM. Time and again, these two assets have provided clues regarding each other’s future path. The question now remains: has XLM effectively fired the starting gun for XRP?

XRP/BTC Falling Wedge Signals Potential Breakout Opportunity

CryptoVision has identified the XRP/BTC chart as a pivotal focal point for the coming weeks, noting that the asset is currently developing within a well-defined falling wedge pattern. This structure remains perfectly intact, suggesting that significant accumulation is occurring beneath the surface. For market participants, this chart provides a clear technical roadmap, indicating that the current consolidation phase is a critical precursor to a potential shift in market dominance.

If XRP can successfully consolidate and harness momentum from these current levels, a retest of the upper resistance boundary is anticipated in the near term. This test will serve as the definitive moment for bulls to assert control and confirm the validity of the wedge. 

Once the price decisively clears this wedge formation, the market dynamic is expected to shift rapidly. The analyst suggests that this pattern will signal a strong and rapid upward move, potentially triggering a significant shift in the pair’s trend in the long term.

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On-Chain Data Suggests XRP Still Overvalued Despite Weak Price Action — More Pain For Bulls?

The crypto market seems to be returning to its bearish structure as the year’s second quarter has worn on, with large-cap assets taking most of the hit in the past few weeks. With this grim market backdrop, the XRP token has lost nearly 10% of its value over the last two weeks.

What’s interesting is, despite its disappointing recent form, the altcoin is being earmarked as one of the assets overvalued by the market in the moment. According to the latest on-chain data, the XRP token could witness a repricing over the coming weeks.

NVT Ratio Climbs 20% In A Single Week

In a Quicktake post on the CryptoQuant platform, CryptoOnchain hypothesized that XRP appears to have entered the “overvalued” territory. The market analyst said that the altcoin is exhibiting increasing divergence between its network’s market valuation and actual fundamental utility.

This evaluation is based on significant changes in the Network Value to Transactions (NVT) ratio, which measures an asset’s network value (market cap) relative to the daily volume transacted on the network. This on-chain indicator provides insight into XRP’s valuation conditions.

According to CryptoQuant data, the XRP NVT ratio has been steadily rising over the past week, posting a 20.3% jump relative to its 3-month baseline. “This structural rise in NVT occurs while the price attempts to consolidate near the $1.33 level,” CryptoOnchain wrote in the Quicktake post.

Typically, a rising NVT ratio suggests that the market or investors are pricing the digital asset higher than the actual value of the assets being transferred on the network, indicating overvaluation. CryptoOnchain, however, noted that the increasing Network Value to Transactions indicator doesn’t tell the complete story.

A look at XRP’s exchange activity shows a dearth of spot market participation; for instance, CryptoQuant data show that Binance inflows and outflows have both fallen by roughly 98% compared to their 3-month averages. Meanwhile, active deposit addresses on the world’s largest crypto exchange have declined by 94%.

According to CryptoOnchain, the combination of the rising NVT metric and a decline in spot market participation suggests that the XRP price lacks fundamental support from active investors or network usage. With this setup, the altcoin is in a dangerous position, which could see its price fall to lower levels as it seeks its fair value.

XRP Price At A Glance

As of this writing, the price of XRP stands at around $1.32, reflecting no significant movement in the past 24 hours.

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