Aayush Jindal
Key Highlights
- XRP price started a fresh decline below $1.10 and $1.050.
- It traded below a rising channel or a bearish flag with support at $1.040 on the 4-hour chart.
- Bitcoin remained below $61,500 and might extend losses.
- Gold dipped to $3,940 before it found some support.
XRP Price Technical Analysis
XRP price saw a fresh decline from well above $1.20, like Bitcoin. There was a steady drop below $1.120 and $1.10, pushing it into a bearish zone.
Looking at the 4-hour chart, the price even tested the $1.00 support before there was a minor recovery wave. The price climbed above $1.050 but faced resistance near the 23.6% Fib retracement level of the downward move from the $1.2917 swing high to the $1.0070 low.
It started a fresh decline and traded below a rising channel or a bearish flag with support at $1.040. The price is now well below $1.10, the 100 simple moving average (red, 4 hours), and the 200 simple moving average (green, 4 hours).
On the upside, the price might face resistance near $1.0750. The next major resistance is $1.10. The main resistance could be $1.1150 and the 100 simple moving average (red, 4 hours).
A successful close above the $1.1150 level might spark a decent increase. In the stated case, the price may perhaps rise toward the 50% Fib retracement level of the downward move from the $1.2917 swing high to the $1.0070 low at $1.150.
The next stop for the bulls could be near the $1.20 level. If there is a fresh decline, the price might find bids near the $1.00 level. The first major support is near the $0.9650 level. Any more losses might open the doors for a test of $0.980.
Looking at Bitcoin, the bears remained active below $61,500 and might soon aim for a drop to a new multi-month low.
Economic Releases
- BoC's Governor Macklem speech.
- ECB's President Lagarde speech.
- Fed's Chair Warsh speech.
- BoE's Governor Bailey speech.
- US ISM Manufacturing Index for June 2026 – Forecast 54.0, versus 54.0 previous.
