Mr.Arshman

06/19 10:03

XRP tests key trendline support as bullish diverge

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$XRP has dropped nearly 5% after a Fed-induced risk-off move swept across crypto markets, though traders remain focused on bullish chart signals and a major liquidity cluster near $1.30. The pullback began shortly after $XRP ($XRP) failed to break through the $1.25 resistance area. $XRP fell nearly 5% in 24 hours to an intraday low of $1.16 on June 18 as heavy spot selling intensified below the recently reclaimed $1.20 level, triggering stop-loss orders and leveraged liquidations. $XRP also fell alongside a broader crypto market retreat after the Federal Reserve kept rates unchanged at 3.50%-3.75% while projecting additional tightening risks in 2026. Despite the decline, $XRP has continued to attract attention from market participants looking for signs that the correction may be nearing exhaustion. Several technical indicators, derivatives metrics, and recent Ripple business developments have kept bullish sentiment alive even as macro conditions remain challenging.The four-hour chart shows $XRP pulling back within a descending channel that formed after the token rallied toward $1.29 earlier this month. The asset’s price is currently testing the 23.6% Fibonacci retracement level near $1.165 while holding above an ascending trendline that has supported the market since early June.Momentum indicators have weakened but have not yet entered deeply bearish territory. The Relative Strength Index has retreated to around 43, while the MACD histogram remains below zero after a bearish crossover. A decisive break below $1.16 could expose the June swing low near $1.12, while reclaiming $1.20 would place resistance levels at $1.23, $1.26, and ultimately $1.29 back into focus. On the daily timeframe, $XRP remains below the Supertrend resistance level near $1.26. At the same time, the Aroon indicator shows Aroon Up above 78% and Aroon Down

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