XRP staged a swift rebound on June 12 after briefly dipping to $1.05, recovering above the $1.13 support level. Market analyst CryptoPulse noted the drop triggered stop-loss orders and forced liquidation of leveraged positions, describing it as a "cleansing sell-off" that cleared the path for a recovery.
Positive RSI Divergence Hints at Weakening Bearish Momentum
A notable technical signal emerged: while XRP price made a lower low, the Relative Strength Index (RSI) formed a higher low compared to February. This "positive divergence" often indicates that downside momentum is fading. The 14-period RSI currently stands at 35.10, approaching oversold territory but without a definitive reversal confirmation. The stochastic oscillator reads 23.20, Williams %R at -73.99, and momentum (10) flashed a buy signal, while MACD at -0.06656 remains bearish.
Key Resistance at $1.30: The Next Test for Bulls
Analysts emphasize that $1.30, previously a support zone, now acts as a major resistance. Whether XRP can reclaim this level will determine if the current rally is a mere relief bounce or the beginning of a broader recovery. According to CryptoPulse's outlook, XRP may first build a base above $1.13, then move toward $1.20; if successful, it could target $1.30. A daily close above $1.30 would strengthen the bullish case, making $1.55 the next major threshold.
Mixed Signals: Moving Averages Still Weigh
The broader technical picture remains divided. TradingView shows XRP hovering near $1.13 with a neutral stance: 14 sell, 10 neutral, and 2 buy signals. Moving averages continue to exert pressure: the 10-day EMA near $1.16, 50-day EMA at $1.30, 100-day SMA at $1.36, and 200-day averages above $1.58. Some analysts view the current downtrend as a corrective phase within a larger bullish cycle. Elliott Wave analysis identifies the $1.19–$0.91 range as an accumulation zone, but confirmation requires a sustainable reversal within or above this band.