XRP is extending a weak trend around $1.10, bringing renewed attention to a long-term staggered-buy zone of $0.42 to $0.72 on the chart.

On June 24 local time, blockchain media outlet Decrypt reported that XRP is trading below key moving averages, with rebound attempts repeatedly failing.

The key point in the market is that XRP is more exposed to the possibility of further correction than a short-term rebound. XRP has remained in a downtrend since a peak of $3.66 in July 2025 and has recently been holding near support around $1.10. On a daily chart basis, it remains below the 200-day, 100-day, 50-day and 5-day exponential moving averages, keeping price weakness signals in place.

The most watched range in chart analysis is $0.42 to $0.72. This range repeatedly acted as a key price area in past market cycles. XRP entered the range in March 2023 and stayed there for about 20 months, then broke upward in November 2024. It then traded above this support range for about 19 months and set a new all-time high, but it has now entered another correction phase.

The analysis presented this range as a "long-term accumulation buying zone". With the current price at $1.08, XRP would need to fall an additional about 33 percent to 61 percent to reach the $0.72 to $0.42 range. The analysis said the risk-reward ratio could become more attractive in that zone, serving as a staggered-buy point for existing holders and an entry range for new investors.

Technical indicators also still lean toward sellers. With major exponential moving averages all maintaining a downward slope, one interpretation is that XRP could test lower levels unless the trend changes. The relative strength index (RSI) also indicates a lack of upward momentum while suggesting a move into oversold territory.

Past XRP rallies also had cases that followed sharp corrections and a retest of key support levels. The analysis pointed out that "if past patterns repeat, the price could fall further to levels where long-term accumulation becomes more attractive ahead of the next upward phase". Until rebound signals are confirmed, the focus tilts to the possibility of downside tests rather than a short-term trend reversal.

A wait-and-see stance among market participants is also evident. Looking at on-chain and derivatives flows, traders are choosing to watch from the sidelines rather than actively increase risk. Trading volume over the past 24 hours fell 11 percent, and futures fund flows showed net outflows of $32.3 million. Open interest was tallied at $2.54 billion, down 1.15 percent in a day.

This suggests price weakness and a pullback in investor sentiment are continuing at the same time. Going forward, attention in the XRP market is expected to focus on whether support near $1.10 holds and, if declines continue, whether it retests the $0.72 to $0.42 long-term buying zone.