{"id":99869,"date":"2026-06-09T16:49:43","date_gmt":"2026-06-09T16:49:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=99869"},"modified":"2026-06-09T16:49:43","modified_gmt":"2026-06-09T16:49:43","slug":"xrp-faces-key-test-1-40-breakout-or-0-80-retest","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=99869","title":{"rendered":"XRP Faces Key Test: $1.40 Breakout or $0.80 Retest"},"content":{"rendered":"
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XRP is sitting on what analyst EGRAG CRYPTO is calling a \u201cmacro decision zone,\u201d with the next monthly candle close likely determining whether the token carves out a double bottom or slides toward $0.80.<\/p>\n

Although the token has bounced back after touching a 19-month low of $1.05 last week, it still hasn\u2019t cleared the levels that would give bulls any real confidence.<\/p>\n

The Framework<\/h2>\n

According to EGRAG, a monthly close above $1.40 would confirm that the $1.05 low was the bottom.\u00a0However, in their opinion<\/a>, reclaiming $1.61 to $1.65 would be where genuine bullish recovery begins, with a break above $1.70 adding another layer of confirmation. Still, none of those levels have been touched as of now.<\/p>\n

The analyst also made a case for the downside, saying that if XRP lost momentum, it could go back down to $0.80. Interestingly, they didn\u2019t flag any intermediate support between the current price and that level if the structure breaks down.<\/p>\n

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\u201cHold ground then \u2192 double bottom possible,\u201d they wrote. \u201cLose momentum then \u2192 $0.80 retest likely.\u201d<\/p>\n<\/blockquote>\n

Earlier, EGRAG pointed out<\/a> that XRP had reached $1.1860 and was \u201cbuilding momentum for the second push,\u201d placing a short-term target of $1.19 to $1.25. The analyst did warn that losing $1.14 would open the door to a retest of $1.10.<\/p>\n

Fellow market watcher CasiTrades added a complementary read of their own, noting<\/a> that the Ripple token had \u201cperfectly\u201d hit a major .786 macro Fibonacci support at $1.09 on Coinbase.\u00a0The crypto trader also identified $1.19 and $1.27 as resistance zones that, if they failed, could lead to a deeper low toward the $0.90 area.<\/p>\n

However, if XRP can push through both, it would suggest that the market is building a new trend rather than setting up for another wave lower.<\/p>\n

XRP Recovery Amid SBI\u2019s Reward Program Launch<\/h2>\n

Some traders are looking beyond daily price action, with one of them, ChartNerd, noting that XRP had closed<\/a> below its 200-week simple moving average, a development that in the past came just before cycle lows.<\/p>\n

At the time of writing, the world\u2019s sixth-largest cryptocurrency by market cap had gained just over 1% in 24 hours. The uptick followed news that Japan\u2019s SBI Bank had launched a program that lets customers exchange their deposit interest for Bitcoin, Ethereum, or XRP.<\/p>\n

However, it was still down by more than 8% over the last seven days, underperforming the broader crypto market, which had shed about 5.4% of its value in the same period.\u00a0XRP is also off over 18% across one month and nearly 49% year-on-year, while sitting 68% below its July 2025 all-time high.<\/p>\n

But that decline isn\u2019t all bad news, as on-chain analytics platform Santiment, using its 30-day MVRV metric, said<\/a> the asset was in a \u201cfair buy\u201d zone where long-term investors could start accumulating.<\/p>\n

Meanwhile, on the longer horizon, ChartNerd placed<\/a> potential Fibonacci extension targets on XRP at $8, $13, and $27, as long as a proper cycle bottom forms before year-end.<\/p>\n

The post XRP Faces Key Test: $1.40 Breakout or $0.80 Retest<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

XRP is sitting on what analyst EGRAG CRYPTO is calling a \u201cmacro decision zone,\u201d with the next monthly candle close likely determining whether the token carves out a double bottom or slides toward $0.80. Although the token has bounced back after touching a 19-month low of $1.05 last week, it still hasn\u2019t cleared the levels […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-99869","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/99869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99869"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/99869\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}