XRP briefly fell below the key $1.30 support level, dropping to its lowest in 16 weeks. Cointelegraph reported it fell to $1.26 on May 28, raising expectations that the bearish trend could extend into June. A weekly chart break below a pennant trendline points to a measured target of $0.63, about 50 percent below current levels. Analysts also cited a potential test of $1 if further support levels fail.

An analysis said XRP could rise to $11 in the long term despite short-term weakness. Market analyst Egrag Crypto said XRP is holding a descending broadening wedge pattern on the monthly chart, putting the probability of a move to double-digit prices at 53 percent. He highlighted $1.11 as critical support and $3 as the bullish trigger, while estimating a 43 percent chance of a drop to $0.32 if support fails. Another analyst warned of downside risk tied to the 50-month EMA.