What to Know:
- XRP revisits major 2026 support as buyers defend key levels.
- Network activity and payment volumes decline amid weaker participation.
- Bulls target $1.18 recovery while broader downtrend remains intact.
XRP is trading near one of its most important support zones of 2026 as the cryptocurrency revisits a price range that previously attracted strong buying activity. The asset’s return to this level comes amid continued market weakness and has increased attention on whether buyers can prevent another decline.
Recent price action shows XRP lost the key $1.28 support area that helped maintain stability for much of the spring. Consequently, the breakdown invalidated a multi-month consolidation structure and accelerated selling pressure across the market. That move pushed XRP into the $1.05 to $1.10 range, where it is currently attempting to stabilize.
Despite the weakness, traders continue to monitor this region because it generated a strong reaction earlier this year. Historically, major support levels often attract renewed demand when prices revisit them. Therefore, some market participants view the current setup as an important test for the asset.
On-Chain Activity Reflects Cooling Market Participation
Network activity has weakened alongside price performance. Data shows XRP payment volumes and transaction counts have declined significantly over the past month, indicating reduced participation across the ecosystem.
During more active periods, XRP payment volumes exceeded one billion tokens. However, recent figures have fallen considerably as speculative activity slowed. Additionally, lower transaction counts suggest fewer participants are actively engaging with the network.
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Source: Tradingview
Although declining activity often supports a bearish outlook, market bottoms frequently develop during periods of reduced interest. In many cases, prices begin to stabilize before network metrics show meaningful improvement.
Technical indicators are also showing early signs of stabilization, with the Relative Strength Index remaining near oversold territory and having stopped forming new lows despite continued price weakness. Such divergences often appear during the later stages of market corrections.
Meanwhile, XRP continues trading below all major moving averages. The 50-day moving average near $1.18 has repeatedly rejected recovery attempts, reinforcing the broader downward trend.
Bulls are now focused on defending the $1.05 to $1.10 support range while attempting to reclaim resistance near $1.18. A successful move above that level could open the door for a retest of the broader resistance zone between $1.28 and $1.34.
Conclusion
XRP remains under pressure, but its return to a major 2026 support zone has created a closely watched technical setup. The coming sessions may determine whether buyers can rebuild momentum or whether the broader downtrend continues.
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