As XRP attempts to hold above the critical $1 support level, an analyst has suggested the cryptocurrency may be approaching its most significant buying zone in nearly eight years.
At current prices, XRP is once again testing a long-term ascending support trend line that has historically preceded major rallies.
According to an analysis shared by Ali Martinez on X on June 9, every touch of this rising support line since 2018 has marked a major market bottom, with XRP subsequently advancing toward the $3 resistance level.
The latest XRP monthly chart shows the asset moving back toward the trend line, highlighting a key support zone between $0.70 and $0.90.
Key XRP price levels to watch
The setup is attracting attention from traders searching for the next XRP price prediction, as a successful defense of this area could pave the way for another move higher.
The long-term trend line has guided XRP’s price structure for most of the past decade, with previous tests in 2020, 2024, and other major market lows followed by strong recoveries. If buyers defend the $0.70-$0.90 zone, the chart suggests XRP could rebound toward the $3.32 resistance level.
The primary XRP price prediction remains a return to $3, with $3.32 representing a critical long-term resistance. A rally from the projected buying zone to that target would imply gains of more than 150%.
Should XRP break above its multi-year resistance, the bullish case strengthens considerably. The outlook identified the next macro targets between $8.37 and $13.57, which represent the next major resistance levels on the monthly timeframe.
XRP price analysis
By press time, XRP was trading at $1.15, up 0.4% over the past 24 hours but down 9% on the weekly chart.
Despite the bullish long-term outlook, XRP’s technical indicators continue to signal near-term weakness.
The cryptocurrency remains below its 50-day simple moving average (SMA) of $1.36 and 200-day SMA of $1.61, indicating that sellers retain control of the medium- and long-term trend.
Meanwhile, XRP’s 14-day Relative Strength Index (RSI) stands at 31.25. Although still in neutral territory, the indicator is approaching the oversold threshold of 30, suggesting selling pressure may be easing.
This could support a technical rebound, though the broader outlook remains bearish until XRP reclaims its 50-day and 200-day moving averages.
