[DigitalToday reporter Yoonseo Lee (이윤서)] A chart analysis says XRP could form a bottom in the $0.60 to $0.80 range in the current down cycle.

The Crypto Basic, a blockchain outlet, reported on July 9 local time that a long-term rising support line on the daily chart aligns with the $0.63 to $0.70 range. If the $1 support level breaks, that band was presented as a likely candidate for a low.

XRP is down more than 70 percent from its all-time high of $3.66 set in July 2025. Last month it slid to an annual low of $1.008 before rebounding partly, but questions persist in the market over whether that price marks the final bottom of this decline.

The core basis is a long-term upward trend line formed since early 2020. After falling to $0.11 in March 2020 on the COVID-19 shock, XRP has continued to set higher lows. That pattern repeated in both bull-market corrections and bear-market downswings, ultimately creating a persistent rising support line at the bottom of the chart.

Past major lows also formed near the trend line. XRP climbed to $0.79 in November 2020, then plunged the following month after the U.S. Securities and Exchange Commission filed suit against Ripple. It found strong support near $0.1713 in late December 2020 and later rebounded to $1.96 in April 2021.

A similar move appeared in the 2022 bear market. As the broader market tumbled after the collapse of the Terra ecosystem, XRP fell to $0.29 in June 2022. That level also overlapped with the rising support line, and buying interest defended the zone. XRP did not fall below that low afterward.

The same pattern repeated in 2024. XRP slid to $0.3834 in July 2024 and tested the trend line again, but found support there. The levels of $0.11 in March 2020, $0.1713 in December 2020, $0.29 in June 2022 and $0.3834 in July 2024 were cited as examples over the past six years in which the long-term rising support line acted as a bottom.

The analysis starts from the view that the downtrend that began in the fourth quarter of 2025 is again pulling prices toward that support zone. The current position of the trend line was calculated at $0.63 to $0.70. The market viewed that if XRP loses the $1 support level, it could form a bottom in the $0.60 to $0.80 range.

Supply and demand factors were also cited, with trading concentrated around similar levels. Based on URPD, 923 million XRP was tallied as traded at $0.80 and 1.16 billion XRP at $0.62. With heavy volume levels overlapping the long-term trend line, that zone was described as the "most reasonable area."

The analysis presents technical support zones and does not assert that the current price will immediately fall to those levels. Market attention is focused on whether XRP can hold the $1 level or drop again to the long-term rising trend line that has formed lows multiple times in the past.