- XRP’s 50 EMA, 100 EMA and 144 WMA are now compressing during a prolonged two-week consolidation phase.
- A rebound toward $1.60, followed by a Fibonacci-zone retest, could validate the proposed double bottom.
- Weekly RSI near 34 shows bullish divergence, suggesting downside momentum may be weakening around support.
- Analysts identify $1.22 and $1.60 as key confirmation levels before any broader trend reversal is verified.
XRP is testing a critical long-term support zone as analysts assess whether the latest decline has established a durable market bottom. Technical signals, including moving-average compression, wave patterns and weekly momentum, suggest the asset may be entering a broader bottoming phase. However, confirmation still depends on its ability to reclaim key resistance levels and hold support during any retest.
Moving Averages Compress Near a Critical Price Zone
According to market analyst EGRAG Crypto’s two-week chart, the 50 EMA, 100 EMA, and 144 WMA are converging during an extended consolidation. The analyst said this is the first major compression of those averages within the current structure.
According to the chart, similar compression previously appeared after a macro low and before a large price expansion. Nevertheless, the current setup still requires several confirmation steps.
The first condition is a rebound toward the 50 EMA near $1.60. EGRAG then expects a rejection, followed by a retest of the 0.618-to-0.50 Fibonacci area. That zone sits below the rebound target and is described as the decisive accumulation range.
#XRP – 2-Week Time Frame: Has the Bottom Already Been Printed?
One observation caught my attention…
For the first time, the 50 EMA, 100 EMA, and 144 WMA are compressing together during a major consolidation.
— EGRAG CRYPTO (@egragcrypto) July 11, 2026
Holding it would support a double-bottom structure after a lower low. The chart places XRP near $1.10, close to the lower section of the long-term triangle. It also shows rising support extending from earlier cycle lows.
The two-week chart also marks a red horizontal support band and a narrowing symmetrical triangle. XRP price remains above the lower boundary, but it has not broken the upper trendline.
EGRAG listed $5.00 to $6.50 as a conservative measured-move range if the previous cycle’s expansion repeats. Higher Fibonacci extensions were marked near $9, $15, and $31.
Those figures remain technical targets rather than confirmed outcomes. Their relevance depends on price reclaiming resistance and preserving the proposed retest zone.
Weekly RSI Divergence Adds Momentum Confirmation
On the same accord, market analyst Dark Defender’s weekly chart presents a separate framework based on Elliott Wave structure and relative strength. The analyst identified the recent low as a possible Wave 4 completion.
The chart places major reference levels at $0.9327, $1.2193, $1.8815, $2.9032, and $5.8563. XRP was shown near $1.11, between the first two levels.
According to the chart’s analysis, a rising lower trendline supported the recent decline, while the XRP price remained below a descending resistance line. That leaves the market compressed between support and overhead supply.
And now, $XRP weekly is quietly turning.
The Macro Wave 4 Low Is Likely In, Wave 5 Surge to Double Digits is Loading.
A hidden bullish divergence just printed on the weekly RSI, too.
Most people will realise Wave 4 bottomed months after it did. Some already know
pic.twitter.com/qWoYMuiiL1
— Dark Defender (@DefendDark) July 11, 2026
Dark Defender also marked a hidden bullish divergence on the weekly RSI. The indicator was near 34, close to the lower end of its recent range. Basically, a bullish divergence appears when momentum improves while price remains weak.
As a result, traders often use that pattern to identify fading downside pressure, although it does not confirm reversal. That distinction matters, as technical compression can precede movement in either direction.
Momentum evidence therefore needs confirmation from price and volume. Together, the charts identify clear thresholds that separate a potential durable base from a confirmed long-term reversal.
The combined evidence supports a developing bottom thesis, not a completed one. The strongest confirmation would come from a sustained recovery above $1.22 and then $1.60.
Until those levels are reclaimed, the charts show stabilization rather than a verified trend change. The bottom may have formed, but price confirmation remains incomplete.
The post XRP Tests Long-Term Support as Analysts Assess Whether the Bottom Is In appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.