XRP Stalls at $1.35 as Support Fades
XRP trades at $1.35, just below its 200-day moving average, with shorts paying longs.
XRP stands at $1.35 on September 13, 2026. The asset has fallen 34.6% from its August low. It peaked above $1.50 in early September. The price now sits just under the 200-day moving average of $1.355. This level acts as immediate overhead resistance.
Buyers defended the $1.33 to $1.36 range on September 11. The daily low hit $1.315 before closing at $1.3562. Traders have not broken this tight range since. The demand zone that held 3.2 billion XRP has given way. Long-term holders sold into the break, thinning the support floor.
Support Levels Drop to $0.98
The next support rung is $1.33, 1.5% below the current price. Below that lies $1.30, near the 20-day exponential moving average of $1.3055. This level is 3.7% below the spot price. Further down, $1.21 aligns with the 50-day EMA at $1.2112. The deepest support is the August 17 cycle low of $0.98, which sits 26.8% below.
Each level marks a price point XRP traded through during its rise. The structure suggests a ladder of potential floors. If the 200-day and $1.30 both break, the next floor is $1.21. A continued drop leads to $1.10 and then $0.98. These targets require simultaneous breaks rather than sequential failures.
Shorts Pay Longs in September
The funding rate reads -0.0094%, the most negative since June 28. Short holders pay long holders to keep positions open. This indicates a bearish sentiment in the perpetual futures market. The Relative Strength Index fell from 62 on September 9. The decline toward 50 signals a cooling market rather than an oversold state.
Analysts Target Lower Price Zones
Ali Martinez identifies a pivot at $1.06, 21.5% below. The analyst sets a target of $0.62, which is 54.1% lower. EGRAG sees a first target at $0.88, 34.8% below current levels. These predictions rely on strong downside momentum. The market currently holds just under the 200-day average.
A daily close above $1.38 would invalidate these bearish scenarios. The 20-day EMA at $1.3055 is the key near-term floor. Short holders often close positions on bounces, which can fuel rebounds. The market awaits a clear direction from this narrow range. GN markets/crypto notes the thinning demand zone as a critical risk factor.
