COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: XRP trades near $1.04, hovers close to 19 month lows as technical signals suggest possible rebound
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > XRP trades near $1.04, hovers close to 19 month lows as technical signals suggest possible rebound
Ripple (XRP)

XRP trades near $1.04, hovers close to 19 month lows as technical signals suggest possible rebound

In Brief

  • 🚨 $XRP trades near 19 month lows at $1.04, with technical indicators hinting at a rebound.

  • ⚡ On-chain activity is surging but large holders sold over 30 million tokens in five days.

  • 🔎 Institutional inflows top $15 million while US regulation remains in limbo.

İlayda Peker
İlayda Peker 4 hours ago
Share
SHARE

XRP is trading at a critical juncture, with both technical indicators and on-chain metrics signaling a potential turning point. Over recent days, the price has been oscillating between $1.00 and $1.06, a range that analysts view as decisive for the cryptocurrency’s short-term direction. According to Santiment data, XRP touched approximately $1.01 on June 25 and was last observed trading close to $1.04. This marks one of the lowest levels for XRP in the past 19 months.

Contents
Short-term recovery signals in technical analysisOn-chain activity rises amid ongoing selling pressureInstitutional interest and regulatory developments remain in focus

Short-term recovery signals in technical analysis

Analyst Ali Charts highlights that the Tom DeMark Sequential indicator on the daily XRP chart has triggered a buy signal. The appearance of a “9” candle in this pattern is considered a key sign of short-term downside exhaustion—an indicator closely watched by traders. Historically, this setup has often paved the way for brief price rebounds lasting from one to four days.

Ali Charts notes that the Tom DeMark Sequential “9” signal and the Morning Star Doji pattern on the daily chart suggest a higher probability of XRP forming a local bottom, and if buying volume increases, the price could move toward $1.30.

The analyst points to two distinct bullish reversal signals. Alongside the Tom DeMark Sequential’s buy indication, the last three sessions have formed a Morning Star Doji candlestick pattern—a formation often used in technical analysis to help identify potential local bottoms.

On-chain UTXO Realized Price Distribution data also highlights $1.06 as a key support level for XRP, where over 830 million tokens have recently changed hands. Ali Charts suggests that holding above $1.06 could pave the way for a recovery toward $1.27 and $1.35. Conversely, a daily close below this threshold would leave the price vulnerable to further declines toward $0.80, $0.62, and $0.51.

Mini glossary: UTXO Realized Price Distribution is an on-chain data set tracking the amount of assets last moved at specific price levels. Analysts use this to identify strong support and resistance zones.

IndicatorLevelSignificance
Main support$1.06Holding above maintains recovery prospects
Upside targets$1.27, $1.35Watched if buying interest strengthens
Downside risks$0.80, $0.62, $0.51In play if daily close falls below $1.06

On-chain activity rises amid ongoing selling pressure

XRP’s on-chain metrics show heightened activity. Ali Charts reports that daily active XRP addresses have surged from around 23,000 to nearly 40,000 in the past two weeks, reflecting an increase of almost 50%. During the same period, the spike in active addresses reached 72%, even as open interest dropped to its lowest point since July 2025. Despite XRP’s ability to stay above the $1 mark, the coin remains stuck below the pivotal $1.10 resistance.

Santiment reports that 4,941 new wallets were created on XRP Ledger in a single day, marking the strongest network growth surge in more than three months. The analysis notes that this surge in wallet creation could signify revived on-chain activity for the XRP Ledger, which underpins all $XRP transactions.

Santiment highlights that this rise in new wallets coincided with XRP trading near its $1 support, and for every negative social comment, there were 3.7 positive ones in the same period.

Nevertheless, the uptick in network activity has yet to outweigh ongoing selling pressure. Ali Charts observes that large investors have continued distributing XRP even as active addresses rise. In the past five days, major wallets are reported to have sold over 30 million XRP, indicating that wallet activity upticks could reflect both new demand and assets being moved to exchanges.

Institutional interest and regulatory developments remain in focus

On the institutional side, interest in XRP has not disappeared entirely. Recent market data indicates a net inflow of $15.34 million into XRP spot ETFs as of June 29. Bitwise led the way with $11.94 million, followed by Canary XRPC with a $3.40 million inflow. Total cumulative net inflows now stand at $1.485 billion.

Market participants are also monitoring progress on the United States CLARITY Act. Crypto analyst Crypto Crusader argues that the broader context around Ripple and XRP is being overlooked, suggesting that Ripple has been working to expand its global regulatory presence ahead of legislative changes. However, the CLARITY Act process has been delayed, as US lawmakers are focused on other regulations after returning from recess.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

XRP fell below the $1.06 support level, analyst warns deeper losses may follow

XRP ETF funds saw $15.34 million in new inflows on June 29, with Bitwise products capturing $11.94 million

Ripple’s RLUSD receives landmark approval in Japan! What does this signal for the Asian digital asset market?

NSCC launched 24×5 clearing for US equities, Ripple Prime gained direct access to Wall Street post-trade network

A critical threshold has been reached for XRP! Is a major breakout approaching?

İlayda Peker 30 June, 2026 - 4:47 pm 30 June, 2026 - 4:47 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Inveo Kripto, Ichain Investment Holding and Moca Network signed an agreement for blockchain-based digital identity and payment systems in Turkey and abroad
Next Article Coinbase and Spiko launched instant USDC and EURC payments for regulated UCITS funds in Europe
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Dogecoin fell 1.61% to $0.07097 as RSI revisits oversold levels last seen in 2022
Dogecoin (DOGE)
Strategy shares fell over 8% to $84.68 after unveiling new capital plan, Benchmark maintained $570 target
Bitcoin (BTC)
Nearly 30 thousand customers still lack access to funds at Knaken! What is happening now?
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
COINTURK NEWS 2026
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?