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XRP may resume third-quarter strength; $1.60 seen possible if $1.18 is broken

An analysis said XRP has entered a technical rebound zone after a sharp first-half drop. XRP remains within a descending broadening wedge on the daily chart, while third-quarter seasonality has delivered positive returns for seven straight years. The report cited weakening selling pressure, a bullish RSI divergence and support near $1.05. It said a break above $1.12 to $1.18 could open a mid-term target of $1.45 to $1.60, though near-term headwinds remain.