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XRP Reaches the Most Critical Level Amid Major Announcement from SBI Shinsei Bank

XRP is at one of the most crucial technical levels during this correction phase, and traders are now debating whether this token will fall further or form a clear double bottom pattern and trigger a new recovery.

Price predictions are emerging amid news that Japan's SBI Shinsei Bank will allow customers to exchange part of their deposit interest for Bitcoin, Ethereum, or XRP.

Why XRP Is in a Critical Decision Zone

A double bottom is a technical pattern where the price tests the support level twice then bounces, indicating a potential trend reversal. Currently, XRP is testing this zone after experiencing a fairly long correction phase in the market.

In early June 2026, XRP was trading around US$1.09 on major exchanges like Coinbase. This level aligns with the 0.786 Fibonacci retracement line, which many analysts see as a potential turning point for the next significant move.

EGRAG CRYPTO analyst clearly describes this dilemma. XRP is currently in a macro decision zone, and if the price closes strongly above US$1.40 on the monthly, it would confirm that the bottom has already formed around US$1.05, consistent with the overall market structure.

If it can return to the US$1.61–US$1.65 zone, this would signal the start of a genuine bullish recovery. However, if it cannot maintain momentum, the price could test support again around US$0.80 in the coming weeks.

Crypto analyst CasiTrades highlights the importance of testing at the US$1.09 level. Key resistance levels to watch include US$1.19 and US$1.27, where a decisive breakout above would most likely indicate that XRP's correction has finally ended.

If there is a clear rejection at those resistance levels, the situation could change. The price might fall further to the US$0.90–US$0.85 range, making several daily closes in the coming days very important for short-term traders.

The analyst describes this as one of the most critical moments during this correction phase. Market response from this point will determine the next major move, whether a structural recovery occurs or the overall bearish trend continues.

Other Analysts’ Expectations for XRP

ChartNerdTA also expresses cautious optimism, referencing the long-term structure on the daily and weekly charts. He also acknowledges the possibility of a deeper correction toward the US$0.70–US$0.84 range based on previous Gaussian channel projections.

Despite this risk, ChartNerdTA assesses that macro support still shows signs of accumulation. The current price action is seen as a potential inflection point, not a capitulation signal, so there remains a chance for a positive scenario if buyers hold at this level.

“From US$1.45 in April to US$1.04 in June, XRP is still targeting the upper regression band of the three-month range, which has historically marked all previous cycle lows. Reminder: we are now in a zone where putting all eggs in one basket is risky,” ChartNerdTA stated in his post.

On-chain and derivatives data add a new dimension to this analysis. Crypto analyst Messi points to XRP’s Open Interest metrics, where the moving average of crossovers in the past often signaled major corrections before strong rallies.

XRP’s price movement is also heavily influenced by overall market liquidity, Bitcoin dominance, and ongoing regulatory clarity.

The token shows resilience, remaining above key Fibonacci support despite macro pressures within a broader corrective structure.

If XRP fails to reclaim resistance around US$1.27–US$1.30 soon, bears could gain more confidence in controlling the crypto market. Conversely, bullish confirmation requires sustained volume, a clear breakout above nearby resistance, and a shift in overall market sentiment.

Long-term targets discussed by analysts remain ambitious. These targets range from multi-digit levels to double-digit projections, all depending on a breakout from the current price range and confirmation of a new sustainable uptrend.

SBI Shinsei Bank Will Reward Customers with Bitcoin, Ethereum, and XRP Vouchers

Price predictions are emerging as SBI Shinsei Bank, a subsidiary of Japan’s SBI Holdings, announced plans to launch a new service this fall that will allow customers to receive 20% interest on deposits in the form of vouchers exchangeable for Bitcoin
BTCUSD
, Ethereum
ETHUSD
, and XRP.

According to Nikkei, this program enables customers to convert part of their interest received into crypto asset vouchers, with the amount calculated based on the market price at the time of payment.

To redeem the vouchers, customers must open an account with SBI VC Trade, a licensed crypto exchange subsidiary of the SBI group. This scheme allows the bank to remain compliant with regulations while providing digital asset access to its customers.

This initiative reflects SBI Holdings’ long-term commitment to integrating blockchain and crypto assets. The group is known as a pioneer in Japan through SBI VC Trade and its strategic partnership with Ripple, including the joint venture SBI Ripple Asia focused on cross-border payments using XRP.