XRP briefly recovered $1.26, a level recently presented as a rebound target, but faced resistance near $1.29, shifting market attention to whether it can hold key support levels.

On June 17, blockchain media outlet The Crypto Basic reported that market analyst Egrag Crypto, who previously highlighted the possibility of a rebound to $1.26 for XRP, said the next move depends on how it reacts around $1.19 and $1.14.

XRP rebounded from its year-to-date low of $1.05 and rose to $1.29 on June 15. After reaching that area, buying weakened and the uptrend was checked. Egrag Crypto assessed that the price path he previously laid out unfolded largely as expected. He said at the time that XRP first needed to defend the $1.14 support zone to allow a retest of $1.1938, and that a break above $1.1938 would set the next target at $1.2600.

XRP did hold the $1.14 area during the rebound and then moved above $1.1938, later breaking through the $1.2600 target. The gain extended to $1.2996, but it hit resistance there. Egrag Crypto described the rejection near $1.2600 as "common right after a rise and not a sign of a trend reversal."

He said he sees the current area as a junction. To keep a bullish structure, XRP needs to stay above $1.19. Egrag Crypto said the recovery trend remains intact as long as the price holds above that level. He warned that if it slips below $1.19, the odds of retesting lower support increase, and that a break below $1.14 could deepen concerns about the strength of the rebound.

He also reiterated downside risk levels. In an earlier analysis, he mentioned that if $1.09 breaks, the price could be pushed back toward $1.05. The market is being tested on whether the move continues into further gains after hitting the rebound target, or shifts into a corrective phase that checks major support levels.

Another market analyst, Chart Nerd, also pointed to technical resistance and support. He said XRP tested $1.28, the daily 50-day exponential moving average, during the recent rebound, but failed to push higher, triggering a rejection. He assessed that the area near $1.20, the daily 20-day exponential moving average, is currently acting as support.

Chart Nerd said that if a deeper correction emerges, the neckline of a double-bottom pattern could also become an important support area. He said it is a strong level where buying could flow back in, but warned that if that support is lost, selling pressure could increase and XRP could head back toward around $1.00.

An upside scenario also remains. Chart Nerd said that if support holds and the current trend continues, XRP could move into a final fifth-wave advance after a fourth-wave correction. In that case, he sees a chance it could retest the $1.40 high before entering a larger corrective phase.

In the short term, the assessment is that holding $1.19 and $1.14 has become more important than the resistance confirmed near $1.29. If XRP holds above those areas, the rebound structure remains intact, but if support levels break one after another, the possibility of a pullback to around $1.00 could come back into focus.

#XRP 4H Update: Targets Hit One by One ( Update): Yesterday the map was clear: ▫️ Hold $1.14 → retest $1.1938 ▫️ Break $1.1938 → target $1.2600 ▫️ Lose $1.09 → risk toward $1.05#XRP did exactly what the structure suggested. ▫️First, price held the $1.14 battleground… pic.twitter.com/IvzdElDZ3C