[DigitalToday reporter Yoonseo Lee] XRP has shown a short-term rebound, but an analysis said it remains in a bearish zone on long-term charts.

On June 9 (local time), blockchain outlet The Crypto Basic reported that a market analyst known as Wyckoff Architect, who uses the Wyckoff method, warned XRP could fall to around $0.10, near 2020 lows, citing an unstable higher-timeframe chart structure.

XRP ended May slightly higher, but its losses widened in June. It fell to $1.04 on June 6 and later briefly rebounded to around $1.17. Wyckoff Architect said that even after about a 12.5 percent pullback from near the year’s low, the long-term structure remains fragile.

Weekly chart indicators pointed in the same direction. XRP fell about 13 percent last week, and the Directional Movement Index (DMI) showed selling pressure remained dominant. While +DI fell to around 13.9, -DI rose to 31.7, indicating sellers were in control. ADX was measured at 34, suggesting the downtrend is relatively strong. XRP trading below the Ichimoku cloud on a weekly basis was also cited as a bearish signal.

Wyckoff Architect said the downtrend could continue despite the recent rebound attempt. He argued that XRP could fall to what he called the “blue box” zone. That area is $0.10 to $0.1450, the range where lows were formed during the 2020 bear market.

The basis for the analysis was the so-called Wyckoff method. It is a way of reading accumulation and distribution by large players using price and volume. It divides market phases into four stages — accumulation, markup, distribution and markdown — to judge trend changes.

The analyst said XRP’s accumulation phase played out in a $0.4 to $0.6 range during 2024. A markup phase then continued from November 2024 to a peak of $3.4 between January 2025. He explained that after distribution in February 2025, a markdown phase began in October 2025. The key point is his view that the current markdown phase is not yet over.

Not all analysts are looking at the same price range. Some see a bottom forming around $0.70 to $0.90, and a move down to the $0.10 range would require an additional 91 percent drop from the current price.

In this situation, the key question for the XRP market is whether the short-term rebound leads to a trend reversal or ends as a technical pullback within a bearish weekly structure. Traders are watching whether weekly indicators of selling dominance turn and whether support is confirmed in the $0.70 to $0.90 zone before the “blue box” highlighted by the analyst.

$XRP HTF: Honestly, a lot of these charts just look rough. This bear market could be the Toughest one Crypto has seen in History. It’s hard to say if XRP could drop all the way to zero, but I can’t ignore this macro Wyckoff distribution pattern forming on it. Macro… pic.twitter.com/QQ0R6yHneG