The XRP price is attempting to make a comeback after experiencing a rapid fall, seeking to remain above the crucial support line. This points to reduced selling pressures and increased buyer attempts at recapturing short-term dominance in the market. However, the signals appear contradictory, hence no confirmation on the trend.
At the time of writing, XRP is trading at $1.17 with a 24-hour trading volume of $3.23 billion and a market capitalization of $72.83 billion. The XRP price has increased of 2.39% in the past 24 hours, according to CoinMarketCap.
Source: CoinMarketCap
Also Read | XRP Price Outlook: RSI Recovery Builds Toward $1.36 Fibonacci Barrier
XRP Reclaims Neckline as Downtrend Weakens
According to the analysis by crypto analyst Alpha Crypto Signal on June 8, 2026, it is clear that the XRP price has risen back above the neckline of an inverted V-shaped recovery formation. This trend is considered a key indicator that shows the downward trend might be losing strength.
Source: Alpha Crypto Signal’s X Post
The neckline is identified as a very important support level for the XRP price from a technical point of view. Holding above it will be crucial in preserving the recovery pattern, while breaking below it will deteriorate the pattern.
XRP Price Weak Momentum Below Midline
Despite the latest rally, the XRP price is still trading below the midline of Bollinger Bands at $1.2732, with an upper band of $1.4549 and a lower band of $1.0916. Based on this, it seems the XRP price is not yet fully in the upward trend stage and is still facing sell pressures.
Source: TradingView
Bearish momentum, according to MACD, is also evident. The value of the MACD line is currently -0.0655, while that of the signal line is -0.0508; its histogram value is -0.0148.
While the bearish bars are reducing, it can be observed that the MACD line is still below the signal line, implying that pressure to fall is easing but not reversing.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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