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2026-06-09 22:00:44

XRP Tests Major Macro Support As Bulls And Bears Battle For Control

XRP is testing a major macro support level that could play a decisive role in shaping its next trend. With momentum hanging in the balance, a strong rebound could signal the start of a recovery, while weakness may leave the door open for deeper losses. XRP Finds Strong Footing At Critical 0.786 Fibonacci Support In a recent market evaluation, crypto analyst CasiTrades noted that XRP has reached its major 0.786 macro support level, currently trading at $1.09 on Coinbase. The daily timeframe currently confirms the validity of this support, as the price action has respected this critical technical marker so far. Related Reading: XRP To $1 Or A Violent Reversal? Analyst Says Liquidity Setup Is Flashing The immediate focus for traders now shifts toward how the market reacts to this placement. CasiTrades identifies $1.19 and $1.27 as the primary resistance levels to monitor. As long as the asset is capped by these levels, the broader correction remains active, leaving the door open for a potential decline toward the $0.90 support zone at the 0.854 fib level. Conversely, a shift in market sentiment could render the bearish outlook invalid. If XRP demonstrates genuine buying pressure and succeeds in breaking through the established resistances, it would suggest that the market is forming a new trend rather than consolidating for another downward wave. Ultimately, this is one of the most pivotal moments of the entire correction phase. With the major support level officially tested and reached, the next few days will be essential to determining the long-term direction of the asset. XRP Enters A Critical Macro Decision Zone According to market analyst EGRAG CRYPTO, XRP is currently positioned exactly within a critical macro decision zone. The path forward is defined by specific technical thresholds that require sustained strength to validate a trend. Related Reading: XRP Long-Awaited Wave Structure Finally Unfolds – What Comes Next? Specifically, a monthly body candle close above $1.40 would suggest that the bottom was firmly established at $1.05, while reclaiming the $1.61–$1.65 range would signify the official start of a bullish recovery. A definitive break above $1.70 would provide even stronger confirmation of this momentum shift. If the price can successfully hold its ground, a double-bottom formation becomes a distinct possibility, setting the stage for a more robust rally. However, if XRP fails to hold this support and loses its current momentum, the technical setup warns that a retest of the $0.80 level is highly likely. While the upside potential remains contingent on breaking through those key resistance hurdles, the downside risk remains active if the current support falters. Traders should remain cautious, as the resolution of this macro decision zone will dictate whether the asset initiates a new bullish cycle or enters a deeper retracement. Featured image from Adobe Stock, chart from Tradingview.com

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