3 days ago
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Key Takeaways
- XRP has broken below its rising trendline.
- Price is testing support around $1.05.
- Spot and futures traders reduced exposure.
- Losing $1.05 could expose $1.01.
- The broken trendline now blocks recovery.
The move confirms the downside risk discussed in our previous XRP analysis. The first bounce lacked enough demand to move price away from support, leaving the structure vulnerable when selling returned. placing it directly on another important area.
XRP Has Returned to a Key June Support
The $1.05 zone combines the early-June low with the range where XRP traded repeatedly between June 24 and June 30. That history makes it the clearest nearby area where buyers may try to slow the decline.
A sustained break below it would expose the June 26 bottom near $1.01. That level marked the base of the recovery that later developed into the rising triangle.
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