After a sharp sell-off that pushed XRP into a major demand zone around the psychological $1.00 support, buyers stepped in aggressively, preventing further downside and triggering a strong rebound. Technical Outlook: Current Structure XRP is showing signs of a potential market structure shift after defending the long-term support region. The recent bounce from the demand zone suggests that smart money may be accumulating at discounted prices. Price is currently attempting to reclaim the $1.04–$1.05 area, which now acts as an important confirmation level for further upside. ●Key Resistance Levels First target: $1.16 (previous supply zone and liquidity area). Major target: $1.29 (recent swing high and strong resistance). ● Bullish Scenario If buyers maintain control above the demand zone and XRP successfully breaks through the $1.16 resistance, the market structure would transition from short-term bearish to bullish, opening the door for a move toward $1.29+. ● Risk Area A breakdown below the demand zone near $1.00 would invalidate the bullish setup and could expose XRP to further downside pressure. Market Sentiment Despite the recent correction across the crypto market, XRP continues to attract attention as traders monitor key support levels. The current reaction from demand indicates that market participants are willing to defend this zone, making the next few sessions crucial for confirming trend direction. Trading Insight: The market is currently in a recovery phase. Confirmation of higher highs and higher lows above support would strengthen the bullish case, while rejection from resistance could lead to another retest of demand before the next major move. Strong support has been respected. Now the focus shifts to whether XRP can reclaim higher resistance levels and officially reverse the short-term bearish structure. $XRP ‌

- Ripple at a Crossroads: Ripple's price is trading around $1.03 at the time of this report on Friday, maintaining its steady decline after the 50-day exponential moving average capped its recovery at around $1.28 on June 15. Ripple's price reversal now extends toward the psychological support level of $1.00, which forms a fair value gap between $0.92 and $1.00. The persistent rejection of lower prices in the daily candlesticks reflects slight buying pressure on the dip, while the Relative Strength Index (RSI) shows a clear bullish divergence, indicating a potential double-bottom rebound. However, the MACD is trending below the signal line, suggesting a short-term bearish bias. Looking upward, a bounce in XRP price above its February 6 low of $1.11 could extend to the 50-day exponential moving average level of $1.22. Nevertheless, a daily close below $1.00 could lead to a sharper correction toward the lower FVG support level at $0.92, followed by the next FVG level around $0.77. $XRP ‌

- Cryptocurrencies today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1, are facing a fateful test. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading lower on Friday after three straight days of losses, as they test the critical support levels for each. The prevailing bearish pressure weighs negatively on the chances of a rebound, despite potential positive indications from the Relative Strength Index (RSI). The technical outlook is extremely bearish for Bitcoin, Ethereum, and XRP, as continuing the decline on Friday could offset any chance of a rebound. - Can Bitcoin’s price fall from $60,000? Bitcoin’s price hovers just below the $60,000 level on Friday, maintaining a downtrend. However, buying pressure at the key support level delays a clear downtrend below this psychological level, while the price remains below the 50-day exponential moving average (EMA) at $67,849 and the 200-day EMA at $77,100. That said, the Moving Average Convergence Divergence (MACD) indicator stabilizes near the signal line, indicating weakening momentum while remaining fragile. In contrast, the Relative Strength Index (RSI) hovers above the oversold level near 30, suggesting continued bearish pressure. However, the RSI value is higher than it was during the prior decline to $60,000, indicating bullish divergence. This supports the possibility of a double-bottom reversal in Bitcoin’s price if sellers fail to impose clear control. Looking at the downside, Bitcoin’s key support level below $60,000 sits at its July 5, 2024 low of $53,485. On the upside, immediate resistance is at the 50-day EMA around $67,849, reinforcing the broader bearish structure. $BTC ‌ $ETH ‌ $XRP ‌