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\n\t\t\t\t\t\t\t\t\tThe analyst has identified the $1.61 to $1.65 region as the point where a more convincing bullish recovery would begin.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
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
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 \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 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 LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
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XRP Recovery Amid SBI\u2019s Reward Program Launch<\/h2>\n
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