XRP Forms Double Bottom, Eyes March Rebound of More Than 20%

XRP, a cryptocurrency issued by Ripple Labs, plays a prominent role in fintech because of its fast cross-border payment technology. Its price trajectory has drawn close attention from investors worldwide amid recent optimism over cryptocurrency regulation. After reclaiming the key support level of $1.08, the market is watching whether XRP can lay the groundwork for a long-term bull market, with implications for capital flows across the broader altcoin market.

According to the latest market data, XRP surged 4% on July 16, 2026, before consolidating near $1.10. With buyers remaining active as the price advanced, the token subsequently gained another 2% and broke through resistance at $1.10. Traders are now closely watching the key $1.10–$1.12 range. A sustained hold within that band is expected to open the way for another leg higher and a test of stronger resistance levels.

XRP, the crypto asset used in the Ripple ecosystem, has recently traded near $1, a level that carries both technical and psychological significance as support. If buyers fail to defend it, short-term selling pressure could intensify and confidence in a sustained rebound could weaken.

In the latest trading as of July 20, XRP was down 2.8%, with a weak rebound near $1.04 failing to mount another challenge to the range breakout. The immediate focus is on the $1.05–$1.07 support zone. If that area remains breached, attention will shift to the psychologically important $1.00 level.

XRP is the native token of the XRP Ledger and has long been associated with blockchain payments company Ripple’s cross-border payments strategy. The latest analysis focuses on technical indicators: a return toward the mean from depressed levels could fuel a short-term rebound, but a weekly “death cross” would signal that the medium-term trend remains under pressure. Investors therefore need to distinguish between a rebound and a reversal.

The latest charts suggest XRP could stage a relief rally of about 25% in July, targeting around $1.40 per token from an implied starting level of roughly $1.12. Although the weekly moving averages may form a rare death cross, historical price action shows that similar signals are often followed initially by mean reversion and a partial recovery. That would still be insufficient to confirm a new bull trend.

XRP had mounted a breakout rally as buying returned to the broader cryptocurrency market, but encountered selling pressure near a key technical resistance level. The $1.20 mark is an important gauge of bullish and bearish momentum. Failure to hold above it could push the token into short-term range-bound trading and increase the risk of another test of support.

In the latest trading, XRP fell about 4% after its breakout attempt stalled, dropping below $1.20. Buying support has emerged in the $1.17–$1.18 range. Traders are watching whether that area will hold. XRP would need to reclaim $1.20 to have a chance of restoring upward momentum; otherwise, selling pressure could persist.

XRP is a crypto asset used within the Ripple ecosystem, and its price is often influenced by broader market risk appetite, trading volume and short-term capital flows. Its rapid surrender of gains after the breakout points to profit-taking at higher levels and mounting selling pressure, making $1.20 a key gauge of whether the bullish structure remains intact.

At the time of publication, heavy selling had pushed XRP below $1.23, with traders watching support at $1.20. A decisive break below that level could lead to a further pullback. Conversely, a recovery above $1.25 would be more likely to indicate that the decline was merely post-breakout profit-taking rather than a trend reversal.

XRP had rebounded about 10%, signaling a return of short-term buying and an improved price structure. But traders took profits near $1.25, establishing that level as clear resistance. The token’s ability to extend its advance still hinges on the battle around key price levels, and its next move will shape perceptions of the strength of the broader recovery.

In the latest trading, XRP gave back some gains after approaching $1.25 and has yet to turn its 10% rebound into a sustained breakout. The market is now watching whether support at $1.20 will hold. A renewed push by buyers above $1.30 would provide stronger confirmation of a broader recovery. The report did not specify an exact trading date or identify any institution.

XRP remained capped within the $1.18–$1.20 range for an extended period after the market's sharp June sell-off. The latest breakout marks its first clear upside signal in recent months. Because $1.20 is both a key psychological threshold and a technical resistance level, whether XRP can hold above it will shape traders' assessments of the trend and market momentum.

In the latest trading, XRP rose about 8% and broke through resistance at $1.18 and $1.20 in succession, reaching its highest level since the June sell-off. The move was accompanied by a marked increase in trading volume and improving technical indicators. The market will now watch whether $1.20 can become support and whether XRP can advance toward the resistance zone near $1.30.

XRP, a crypto asset closely associated with Ripple’s payments ecosystem, has recently traded within a narrow range. Despite continued accumulation by spot ETFs and large on-chain wallets, its near-term direction still hinges on whether buying demand can absorb profit-taking. The $1.40 level has therefore become a key line for the market in determining whether bulls or bears take control.

After repeatedly failing to breach resistance between $1.43 and $1.45, XRP fell about 3.3% in its latest pullback to around $1.41 and briefly dipped below $1.40 intraday. Trading volume exceeded its recent average, indicating that sellers remain in control of the short-term trend. A break below $1.40 could extend the decline, while a move back above $1.45 would improve the chances of escaping the consolidation range.

XRP has traded broadly within a long-term ascending channel since 2014 and is now retesting its lower boundary at around $1.30–$1.40, which overlaps with the 50-month exponential moving average near $1.33. The zone has previously served as the starting point for major rebounds, making its ability to hold critical to preserving the long-term bullish structure. A breakdown would put the next level to watch at around $0.93.

The latest report, dated May 7, 2026, said XRP had rebounded about 30% from its February low of $1.11, while its monthly RSI had fallen to 40–45. Analyst MikybullCrypto said XRP could reach $12 if the support holds. According to SoSoValue, U.S. spot XRP ETFs recorded net inflows of $81.6 million in April and another $28.17 million in the first week of May.

XRP is a crypto asset associated with Ripple. Its price is influenced by the broader crypto market and also shapes market assessments of cross-border payment adoption and institutional demand. CoinDesk said the rebound was driven mainly by technical positioning and lacked a clear fundamental catalyst. Inflows into XRP ETFs totaled just $3.32 million, insufficient to reverse the medium-term trend.

On April 10, 2026, XRP rose from $1.33 to $1.35 on heavy trading volume, breaking above $1.34 but failing to clear $1.36. By 14:00 UTC on May 28, volume had surged to 107.9 million XRP as the price rebounded from $1.2693. The token remained capped by resistance at $1.40 on May 29.