- XRP has printed a new 2026 low while $1.06 acts as resistance following the failed recovery attempt by buyers.
- ChartNerd views a sweep below $1 as an accumulation opportunity, provided XRP quickly reclaims the psychological support level with strength.
- Buyers must overcome the daily moving averages, $1.16 and $1.24 resistance zones to challenge XRP’s broader bearish market structure.
XRP has printed a new 2026 low, placing the $1 psychological support at the center of its technical structure. According to crypto analyst ChartNerd, XRP rejected the $1.06 resistance ceiling before falling toward its latest yearly low. The analyst views a sweep below $1 as an accumulation opportunity if buyers quickly reclaim the level.
XRP previously held $1.06 as support before sellers pushed price lower, while the failed recovery effectively transformed the level into immediate resistance. Moreover, XRP trades below its daily 20 and 50 exponential moving averages, creating additional barriers for buyers seeking to reverse the bearish structure.
Price action also shows repeated rejection around higher supply zones, with XRP struggling near $1.24 before facing renewed selling pressure around $1.16.
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Why XRP’s $1 Support Matters for the Next Price Move
ChartNerd considers $1 important because the level represents psychological support and an area. A temporary move below it could trigger stop orders before buyers attempt a recovery. Such a liquidity sweep would require XRP to break beneath $1 and then reclaim the level. Consequently, that reaction could distinguish a temporary breakdown from sustained weakness below support.
However, prolonged trading beneath $1 would reinforce the bearish structure and potentially turn another former support level into resistance. XRP displayed the same pattern when $1.06 changed from support into a selling barrier.
Additionally, buyers face several hurdles even if XRP defends the $1 region. Reclaiming $1.06 would represent the first meaningful improvement, followed by the daily moving averages. A move above $1.16 would weaken another established resistance area and challenge the sequence of lower highs. Breaking $1.24 would represent broader structural improvement because sellers previously defended that supply zone.
XRP faces a crucial test around $1 as traders assess whether buyers can defend the yearly low. Sustained weakness beneath that level would preserve the bearish structure, while reclaiming $1.06 could strengthen recovery prospects.
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