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Crypto
XRP nears end of downtrend channel; rebound possible after $0.84 support
XRP is moving within a descending channel on the daily chart, and the $0.80 to $0.90 range could mark the end zone of the current downtrend, an analysis said. Some in the market see a slide toward about $0.84, the channel’s lower boundary. XRP has posted lower highs and lower lows since its July 2025 record high of $3.60. Analysts said support near $0.84 would be a key test.
Crypto
Caution persists despite XRP rebound; key is regaining $1.65
XRP has rebounded sharply from the $1.09 support area, shaking earlier expectations of a further drop to $0.90. Market analyst Casitrades said the move could signal a bottom and the start of a new uptrend, citing technical signals including a 0.786 Fibonacci retracement and a strong RSI reading. She said the market needs to confirm $1.30, now resistance, and ultimately regain $1.65 to invalidate the downside scenario.
Crypto
XRP downtrend clear; where is the support level a veteran analyst is watching?
XRP has stepped up a downtrend after breaking below the lower boundary of a symmetrical triangle that had held for months. It traded around $1.14 on June 4, down 4 percent on the day and 14 percent over the week. Analyst Casitrades sees a third wave under way, with downside targets of $0.92 and $0.87. Derivatives data also show bearish positioning and heavy long liquidations.
