XRP Climbs Past $1.10 as Analyst Highlights $0.90 as Prime Accumulation Zone

Key Takeaways

• XRP currently trades at $1.12, registering a 1.82% increase over the past 24 hours alongside a $69.45 billion market capitalization
• The digital asset successfully breached a downward trend line at $1.10 and surpassed the 23.6% Fibonacci retracement threshold
• Critical resistance zones are positioned at $1.1720 and $1.2080 — breaking through $1.2080 may trigger a rally toward $1.2450
• Should bullish momentum falter near $1.1740, downside targets include $1.1250, $1.110, and $1.050
• Technical analyst Ali Charts identifies $0.90 as a potentially robust accumulation zone for long-term investors

XRP has successfully reclaimed territory above the psychologically important $1 level following recent bearish pressure, currently trading at $1.12. The cryptocurrency has recorded a daily increase of 1.82%, accompanied by $2.93 billion in trading volume and maintaining a market capitalization of $69.45 billion.

XRP Price

The upward movement initiated after XRP maintained critical support above the $1.050 threshold. Following this consolidation, market participants drove the price beyond $1.10 and subsequently through $1.120, eliminating a descending trend line that had previously functioned as resistance on the 60-minute timeframe.

The token has also moved past the 23.6% Fibonacci retracement level calculated from the decline between the $1.3640 peak and the $1.052 bottom. Current price action shows XRP trading comfortably above its 100-hour Simple Moving Average.

Market analyst Ali Charts shared insights on X, highlighting his close monitoring of the $0.90 price zone for XRP. According to his analysis, should the asset retrace to that level, it could present an attractive entry point for those with longer investment horizons.

Critical Resistance Zones Ahead

The immediate obstacle facing XRP bulls stands at $1.1720. Successfully clearing this barrier would establish a pathway toward $1.2080, a level that corresponds with the 50% Fibonacci retracement point. Beyond this threshold, subsequent targets emerge at $1.2150, $1.220, and ultimately $1.2450.

Potential Bearish Scenarios

If XRP encounters resistance near $1.1740 and cannot sustain upward momentum, a retracement becomes likely. The first line of defense appears at $1.1250, with additional support at $1.110. A breakdown beneath $1.110 could accelerate selling toward $1.080, potentially extending to the $1.050 region.

The Relative Strength Index currently reads 25.40, remaining within oversold conditions, though the recent uptick suggests diminishing selling pressure. The MACD indicator continues below its signal line at -0.0700 compared to -0.0476, indicating persistent short-term bearish momentum.

On June 7, analyst Crypto Patel observed that XRP currently trades approximately 37,000% above its 2017 lows. He disclosed his accumulation strategy targets the $1.00 to $0.60 range, suggesting that if XRP eventually reaches $10–$20 in upcoming market cycles, present price levels may appear as favorable entry points retrospectively.

The MACD histogram value of -0.0224 confirms that bearish forces maintain control, and a bullish shift would require a positive MACD crossover to signal definitively changing momentum dynamics.

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