- XRP price sliced through the range low at $0.65 on June 29, indicating the resurgence of buyers.
- After a minor pullback, Ripple might rally to tag the 70.5% Fibonacci retracement level at $0.783.
- A breakdown of the support level at $0.581 will invalidate the bullish scenario.
XRP price has set up a higher low and two higher highs since bottoming on June 22. This move indicates the presence of buyers. While the recent local top might lead to a pullback, it will help the bulls band together, propelling Ripple to critical levels.
XRP price eyes higher lows before skyrocketing
XRP price has been on a slow downtrend since June 14 but set up an intermediate swing high at $0.783 on June 21 before the sell-off was exacerbated. This crash bottomed on June 22 at $0.509 and rallied 44%, setting up two swing highs, with the most recent one at $0.734.
Investors can expect Ripple to pull back to the immediate support level, which is the range low at $0.65. If the buyers manage to rescue the XRP price, it will kick-start a new leg-up. However, a failure might extend the correction to the demand barrier at $0.581 without affecting its upside potential.
The resulting upswing for XRP price is expected to set up a higher high at the 70.5% Fibonacci retracement level at $0.783, coinciding with the swing high formed on June 14.
This move would be a 20% rally from the range low.
XRP/USDT 4-hour chart
While a pullback is expected, a breakdown of the support level at $0.581 will indicate that the sellers are overwhelming the buyers. A brief dip below the said barrier will not affect the bullish thesis, but a failure to climb past it will invalidate the optimistic narrative.
In such a case, investors can expect XRP price to drop 12% to tag the demand barrier at $0.509.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Solana, Sui Price Forecast: Bulls aim for steady recovery ahead of large token unlocks
Solana (SOL) and Sui (SUI) altcoins are edging higher on Monday, building on the weekend gains that followed the sell-off on Friday, which was triggered by geopolitical tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rebound along with surge in open interest, trading volumes
Cryptocurrencies are broadly recovering on Monday, extending gains from the weekend, which followed instability and heightened volatility on Friday as geopolitical tensions exploded in the Middle East.

Meme Coins Price Prediction: DOGE, SHIB, and PEPE rise as broader crypto market recovers
Dogecoin holds at critical support, ticking up after five consecutive days of losses. Shiba Inu begins the week regaining strength and targeting a key resistance trendline. Pepe’s trend reversal gains momentum in the 4-hour chart.

Bitcoin recovers above $107,000, yet Israel-Iran conflict clouds bullish outlook
Bitcoin increases to around $107,000 on Monday after a slight decline in the previous week. Investors remain on edge as the Israel-Iran conflict enters its fourth day after fresh strikes over the weekend.

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.