XRP's downward momentum may be exhausted after 52% drop, says analyst

Although XRP has recorded five consecutive monthly declines for the first time in nine years, its downward momentum appears to be exhausted, according to an analysis by crypto analyst TraderJB. The Crypto Basic reported that the analyst noted a long lower wick has formed on the three-day chart. He explained that while XRP is down 52% from its high, it has retested all support zones formed since November 2024 on the three-day chart, even reaching the $1.25 level seen during the record liquidation event last October. TraderJB suggested this retesting of lower levels is a process of confirming support, which could signal a potential for a future trend reversal. For the uptrend to continue, he said XRP must reclaim the $1.61 resistance level and then surpass its July high of $3.6. However, the analyst warned that if the $1.2 support level is breached, the bullish trend would be completely invalidated.