XRP Teeters on the Edge: Can Long-Term Support Spark a Bullish Reversal?

XRP has entered a critical technical phase after slipping beneath a support base that had held firm since February. While the recent sell-off sparked fears of a significant collapse, technical indicators suggest the digital asset has landed on a much older descending channel floor. This leaves the door open for a potential recovery—if bulls can maintain their grip on key price levels.

Breaking the February Floor

For months, XRP maintained a relatively stable sideways trajectory, oscillating between $1.25 and $1.55. Buyers consistently stepped in at the lower boundary, but this structure finally gave way in early June as a daily candle pushed prices toward $1.10. The move was accompanied by bearish on-chain signals and a profit/loss ratio hitting its lowest levels since 2024, signaling intense market capitulation.

A Safety Net from the Past

Despite the breakdown, the sell-off appears to have stalled at a historically significant junction. Technical analysis reveals that XRP found support on the lower line of a broad descending channel that has guided the market since August 2025. By hitting this line precisely, the recent liquidation may have simply carried the asset into a deeper support zone that keeps the long-term bullish structure alive.

The Critical Path Forward

The immediate priority for bulls is holding the $1.10 level, as a breach below this would invalidate the current support argument. If XRP can maintain its current position, the next major test lies at $1.27, a former support level that is expected to flip into resistance. Successfully reclaiming that zone could trigger an explosive rally toward $1.96, potentially ending months of persistent downside with a rapid trend reversal.