XRP Slides to $1.42 After Losing $1.80–$2 Neckline as $1.39 Support Faces Immediate Test

• XRP dropped to less than the $1.80-2 neckline and a key support area became an overhead and the overall trend was altered.

• The current short-term trading corridor is between the support and resistance of the asset which is between $1.39 and $1.47 respectively.

• A price above $1.39 will probably permit a reversal to $1.60 whereas failure will reveal the $1.30 area

XRP (XRP) traded near $1.42 after revisiting a key technical zone highlighted earlier with a 1.4% increase. Market watchers previously noted that a return toward the $1.80–$2 area could act as a decisive test. The chart now shows price slipping below that neckline region after multiple interactions with the zone.

This movement places the asset in a critical structure where the reaction around nearby supports becomes the immediate focus. The recent figures indicate 24-hour gains of 1.4 percent as the two trade at 0.00001960 BTC. In the meantime, the intraday range lies between the support and resistance of $1.39 and $1.47, respectively, which form the short-term trading zone.

Neckline Breakdown Alters Market Structure

The chart highlights the $1.80–$2 area as a neckline formed during earlier consolidation. Notably, prices held above this band several times during 2025. However, the structure shifted once candles closed below that zone.

Source: (X)

After the breakdown, the market attempted a brief stabilization near $2.00. However, sellers regained control and pushed the asset lower. As a result, the former support area now sits above the current market price.

This shift changed the broader structure visible on the chart. Earlier higher highs faded, while lower highs began forming after the July peak. Consequently, the market moved into a descending path that continued into early 2026.

Recent Price Action Moves Toward Lower Support

The chart indicates that there was a sharp decline below $1.80 after which it remained weak towards the area of $1.40. It is worth noting that the most recent candle cluster is near the support level of $1.39 that is available on the 24-hour data.

This level now acts as the nearest floor. Meanwhile, $1.47 represents the immediate resistance within the short-term range. Price currently fluctuates between these two levels as traders assess direction.

Furthermore, the visual structure shows a long lower wick near the recent dip. That work indicates a temporary rejection of lower prices near the $1.30–$1.35 zone.

Short-Term Scenarios for Today’s Session

Two price paths remain visible based on the current levels. In a positive atmosphere, the price will be above $1.39 and it will break the $1.47 resistance. Such movement may go as far as the $1.60 area in the current session.

But the bearish picture is formed in case of the break of the $1.39 support. At that, the next obvious step may be a test of the lower wick territory at $1.30. Pressure can then push on further levels as close to $1.00. For now, the chart focuses on whether the market stabilizes above $1.39 or continues the downward extension.