XRP price prediction: Key $1.1292 support draws attention as XRP loses 4.2%

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XRP drops 4.20% today to $1.1666

Highlights

XRPL 3.2.0 upgrade delivers improved security, speed, scalability, and quantum-safe migration protocol, targeting institutional adoption.
Removal of 'Ripple' from the core codebase aims to strengthen network independence and mitigate legacy branding risks.
XRP/USD trades with sustained bearish momentum, high downside probability (77%), and a projected range of $1.1292–$1.2040 as technicals signal oversold conditions with potential for short-term stabilization.

Institutional interest rises as XRPL upgrade boosts network security

The release of XRPL 3.2.0 marked a significant infrastructure upgrade for the XRP Ledger, introducing enhanced security, faster transaction processing, greater scalability, and more efficient resource utilization. According to the update, these changes are expected to make the network more attractive for high-volume transactions and raise confidence levels among institutional and traditional finance participants. Further improvements include the removal of the Ripple name from the core codebase and a new protocol, developed by a RippleX engineer, supporting migration to quantum-safe cryptography to mitigate long-term security risks — though price action has remained under broader selling pressure.

Seller dominance persists as momentum indicators flag oversold conditions

On the technical front, XRP/USD trades below the MA-20 at $1.1936 and MA-50 at $1.2112 on the h1 timeframe, with the long-term MA-200 on the D1 chart at $1.5636, all above the current price. Immediate resistance is defined by the Ichimoku Kijun at $1.1972. Momentum indicators confirm weakness: the MACD issues a Sell signal, ADX reads Neutral, and Bull/Bear Power also signals Sell, underscoring sellers’ dominance. Oscillator readings show potential exhaustion, with RSI at 33 and both Stoch RSI and CCI in Oversold territory. The Awesome Oscillator offers no additional trend confirmation, holding Neutral.

Rangebound action likely as downside risk outweighs reversal odds

In the short term, XRP is expected to trade within a volatility band of $1.1292 to $1.2040 over the next 2–3 trading days. There is a 77% probability of continuation to the downside versus a 23% probability of an upward reversal. The baseline scenario points to rangebound action between these levels, while a break above $1.1972 would open the door to recovery attempts, and a sustained move below $1.1292 would signal further downside extension.

Anton Kharitonov, expert at Traders Union, sees mounting technical and sentiment-driven pressure on XRP despite the positive XRPL infrastructure upgrades. He notes that institutional confidence may benefit from recent network improvements and security protocols. However, as long as XRP trades below key moving averages and seller momentum persists, the tactical outlook remains cautious. "Until price breaks above $1.1972 and confirms strength, I am defensive and expecting further downside risk."

Earlier, analysts noted that XRP was experiencing sustained downside momentum and consolidation, with technical resistance and profit-taking suppressing bullish advances. The current analysis reinforces this bearish view, highlighting persistent selling pressure and the importance of a decisive move beyond $1.1972 or below $1.1292 as the next catalyst for directional conviction.

Source of Data: XRP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.