What to know:
- XRP approaches critical $1.22 resistance as traders await breakout confirmation.
- Crypto analyst Diana identifies early July as a potential turning point for XRP.
- Failure at resistance could expose XRP to lower support levels.
Crypto analyst Diana has identified a critical period for XRP as the asset approaches a major resistance zone. In a recent market update, she pointed to late June and early July as a potential turning point, arguing that a breakout above key levels could pave the way for a larger price recovery.
XRP Approaches Critical Resistance Ahead of July
According to Diana, XRP is approaching the 0.618 Fibonacci retracement level near $1.22, a resistance zone that could play a key role in determining the asset’s next major move. The analyst noted that XRP recently defended an important macro support region and has since started moving higher. Consequently, traders are closely monitoring whether buyers can sustain momentum and reclaim the $1.22 to $1.30 range.
A successful breakout above that resistance zone would weaken the current bearish outlook and could confirm that the broader correction is nearing completion. If XRP manages to clear this barrier, the analyst expects the next upside targets to emerge around $1.65 and $2.00. Additionally, a sustained rally could place previous cycle highs back into focus as market sentiment improves.
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Recent trading activity has helped maintain optimism among traders, as buyers continue to defend key support levels, preventing a deeper decline and keeping the possibility of a larger recovery intact.
Analysts See Early July as Potential Market Turning Point
Diana also highlighted several wave structures that point to late June and early July as a potentially important period for XRP. According to the analyst, similar technical formations have appeared before major rallies in previous market cycles.
However, another outcome remains possible if resistance continues to hold. Market analyst CasiTrades recently outlined a scenario suggesting that XRP may still be completing a broader corrective structure. As a result, traders are paying close attention to XRP’s reaction near $1.22, with Diana noting that failure to reclaim resistance could open the door to another move lower and bring support levels around $1.09, $0.90, and $0.87 back into focus.
According to Diana, XRP remains positioned between two competing scenarios, with the market’s response near resistance likely determining whether July delivers a major breakout or one final correction before a larger recovery begins.
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