1 dollar, 1.18 dollars…Two price lines that will determine the fate of Ripple (XRP)

▲ Ripple (XRP) ©CoinReaders

Amidst a bearish chart, XRP (Ripple) is sending mixed signals with on-chain indicators and institutional fund inflows, drawing market attention to whether it can maintain the psychological support level of $1.

According to investment media TradingNews on July 9 (local time), XRP continued its weakness for four consecutive trading days within a descending channel, pushing it down to around $1.09. Previous attempts at a rebound were halted at $1.18, and currently, the psychological support level of $1 has emerged as a key turning point. The media analyzed that if $1 breaks, there could be further downside potential to the $0.90-$0.80 range, whereas if it recovers $1.1072 and breaks above $1.18, rebound expectations could revive.

However, unlike the price, fundamental indicators show improvement. On the XRP Ledger, new wallets increased by approximately 5,000 in a single day at the end of June, marking the highest growth in the last three months. Social media investment sentiment also showed 3.7 times more positive opinions than negative ones, and XRP spot ETFs continued to see net inflows for several consecutive weeks despite price declines. The cumulative net inflow has exceeded $1 billion since its launch in November 2025. With accumulation by whale investors and a decrease in exchange holdings also observed, the media assessed that long-term investors are continuing to buy at lower prices.

Technically, the bearish trend still prevails. XRP is trading below major moving averages, and the descending channel is also maintained. However, the Relative Strength Index (RSI) remains at a neutral level, and trading volume shows a decrease, suggesting that selling pressure may gradually weaken. The media predicted that if buying pressure is maintained in the $1 to $1.06 range, XRP could attempt a rebound to $1.18 and then $1.20, but if it falls below $1, the downtrend could intensify.

For medium-to-long-term variables, the U.S. cryptocurrency market structure bill, the CLARITY Act, was cited. The media assessed that if this bill passes, it could become a key catalyst leading to increased market participation by financial institutions and greater use of XRP. Standard Chartered also presented XRP price targets of $2.80 for 2026 and $28 for 2030, indicating that long-term growth potential remains valid. However, it added that in the short term, the macroeconomic environment and chart trends are key variables determining the price.

Ultimately, the media's diagnosis is that XRP's direction depends on whether it can defend the $1 level. On-chain indicators and institutional fund inflows suggest the possibility of a bottom formation, but the descending channel and macroeconomic burdens remain bearish factors. If $1 is defended, a recovery to $1.18 could be aimed for, but if the support level breaks, the $0.90-$0.80 range is expected to be the next test.

*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.*