XRP Drops to New Yearly Low: Here are Next Support Levels to Watch Once $1 Gives Way

XRP recently collapsed to a new yearly low, as bears continue to test the pivotal $1 psychological level.

XRP fell to a new yearly low of $1.0017 earlier today, which brought it closer to losing the important $1 level than at any point since it recovered above that mark in November 2024. At the time of writing, XRP trades at $1.0063, down 2.22% over the past week.

Notably, both the weekly and daily charts now show a weak structure as XRP tests its most important support area. With the price sitting just above $1, the main question now is whether buyers can defend this level or whether sellers will push XRP toward lower support zones.

Key Support Levels Below $1

On the weekly chart, XRP is trading around the 1.0 Fibonacci retracement level at $1.0084. XRP now tests this Fib level at the same time as the $1 psychological level, making the area especially important for the current price action.

If XRP loses the $1 psychological level, the next support areas come from the Fibonacci extensions and pivot levels. The first major level is the S2 pivot at $0.8821, which could become the immediate target after a confirmed break below $1.

After that, the next major level is the 1.272 Fibonacci extension at $0.7100, which sits roughly 30% below the current price. Below that, the 1.414 Fibonacci extension at $0.5912 marks the lowest major target in the current setup.

There is also no meaningful Fibonacci support between the $1.0084 level and the $0.7100 extension. This means a clear break below $1 could leave XRP with little technical support until it reaches the $0.8821 S2 pivot. This makes the $1 area particularly important for XRP’s near-term direction.

Ichimoku Cloud Keeps Pressure on XRP

The daily Ichimoku Cloud also confirms continued weakness. XRP trades below the cloud, while Senkou Span A stands at $1.0633 and Senkou Span B at $1.0923. These levels create a wide resistance area above the current price.

The cloud itself remains bearish because Span B sits above Span A, while its downward slope suggests that resistance could remain in place in the sessions ahead. XRP also faces resistance from the Tenkan-sen at $1.0441 and the Kijun-sen at $1.0825, both of which remain above the current price.

The Chikou Span at $1.0048 also sits below previous price action, which adds to the bearish reading. XRP would need to reclaim the Tenkan-sen and Kijun-sen before moving back into the cloud to give the daily chart a sign of a possible trend change.

XRP RSI Shows More Downside Is Possible

Meanwhile, XRP’s daily RSI is at 34.14, which puts the indicator close to oversold territory. Its signal line stands at 40.85. XRP experienced a similar RSI decline in June 2026, which led to a short-term rebound. However, the recovery failed, and sellers eventually pushed the price to another yearly low.

The RSI has also not yet dropped below 30, meaning XRP could still face further selling before the indicator gives buyers a stronger reason to step in. A low RSI alone does not confirm that a bottom is in place.

For XRP to show a more convincing recovery, the price first needs to reclaim the 0.888 Fibonacci level at $1.1651. It would then need to break above the 0.786 Fibonacci level at $1.3289, and the S1 pivot at $1.4210.

A move toward the 0.618 Fibonacci level at $1.6504 would provide a stronger sign that the market structure is improving. Beyond that, XRP would need to reach the pivot point at $2.2933 and R1 at $3.1655 to make a much stronger case for a reversal of the broader downtrend.

For now, XRP remains under pressure. As long as the price stays below these key recovery levels, the picture continues to favor sellers. If $1 gives way, the $0.8821 S2 pivot and $0.7100 Fibonacci extension remain the main support levels to watch.