to leave a comment.
▲ XRP
XRP has once again touched a low price point in 2026. Although the downtrend persists after the collapse of the $1.28 support line, signs of selling fatigue are accumulating, making the possibility of a rebound a new variable in the market.
According to crypto media outlet U.Today on June 25 (local time), XRP moved around $1.08 after being pushed back again from a short-term resistance level. Since giving up the key support level of $1.28 earlier this month, significant upward momentum has been slow to materialize.
The chart flow is still leaning bearish. Each rebound attempt has created lower highs, which is interpreted as a signal that sellers still dominate the market structure. $1.28 has turned from a support level into a major resistance level.
However, the price range where XRP is currently staying is not to be taken lightly. This support area previously halted a sharp decline in February and led to a strong rebound. Markets often retest key demand zones before a major trend reversal.
Oversold signals are also a factor boosting rebound expectations. Oversold conditions alone cannot confirm a trend reversal. However, they indicate that fear-driven selling may have largely exhausted after a prolonged bearish period. XRP has a history of strong rebounds from extremely pessimistic zones.
The conditions for recovery are clear. XRP remains below the 50-day, 100-day, and 200-day moving averages, and the long-term moving averages are still pointing downwards. Expectations for a recovery into a wider trading range will only revive if the $1.05-$1.10 support zone is held and XRP climbs above $1.18. Until $1.28 is recovered, the overall trend is closer to a rebound attempt within a bear market.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.