- XRP hovers near a long-term support zone as June trading begins under heavy technical pressure.
- EGRAG Crypto notes similar setups have often preceded stabilization phases after sharp bearish sentiment spikes.
- Market focus shifts to $1.26–$1.30 support as buyers repeatedly defend this critical XRP price region.
XRP is trading close to a key technical level as the market watches its price performance going into June. The token remains below its 50-month exponential moving average and sits near a long-term support trendline, according to market analyst EGRAG Crypto.
In a post on X, the analyst said XRP started June below both indicators. He added that similar setups in past market cycles often came before periods where prices stopped falling and stabilized. He also noted that June has historically been a weak month for XRP, which adds more uncertainty to the current market conditions.
Long-Term Structure Remains Intact
In his analysis, XRP recently moved lower within a descending price channel following a broader market correction. Despite the decline, the token remains above its longer-term support structure.
The analyst said he views the recent drop as a possible short-term pullback rather than confirmation of a broader downtrend. His chart also highlights Fibonacci extension levels at $3.17, $8.28, $11.52, and $13.95 as potential resistance zones if the price moves higher.
The chart further outlines a possible path toward the upper boundary of XRP’s long-term trading channel. However, the analyst said that outcome depends on whether key support levels continue to hold during the current market phase.
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Another Analyst Highlights Critical Support
Analyst Kamile Uray highlighted key support levels for XRP in a separate analysis. He noted that the $1.26 to $1.30 range has repeatedly acted as a support zone since February, with buyers consistently stepping in around this level. In a post on X, he referred to it as the “blue box” area, which has remained intact despite recent price pressure.
Source: X
Uray also pointed out that XRP has struggled to form higher highs even as buyers have returned to the market. He said that a drop below the $1.26 to $1.30 range could open the way toward lower levels near $1.11 and $0.94. On the upside, he added that a move above $1.67 could break the current downtrend line and improve the short-term technical outlook.
June History Adds Extra Pressure
XRP has tended to fall in June based on historical data from CryptoRank. On average, the token is down about 5.09% in that month, with a median decline of 8.20%. The record also includes sharper drops, such as a 23.8% fall in June 2018 and a 21.5% decline in June 2022.
Source: CryptoRank
This implies an emerging trend of poor performance during June, but past performances cannot be a determinant of future performances. In the recent trend, the determination factor will mainly be dependent on whether there is more demand in order to bring stabilization in price levels. Otherwise, the attention might fall on support levels.
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