XRP is currently testing one of the most critical technical levels of its entire correction phase, with the token trading near $1.09 as of early June 2026 on major exchanges like Coinbase. According to analyst EGRAG CRYPTO, XRP is sitting in a macro decision zone, with a strong monthly close above $1.40 confirming the bottom is already in near $1.05. The current price level aligns precisely with the 0.786 Fibonacci retracement, a zone many analysts view as a potential turning point for the next major move. Reclaiming the $1.61-$1.65 zone would signal the start of a true bullish recovery, while failure to hold momentum could open the door to another retest of the $0.80 support level. Latest analysis from ChartNerd identifies a key Fibonacci retracement zone between approximately $0.89 and $0.61, with XRP currently trading above that region but facing potential volatility ahead.
Cryptoanalyst CasiTrades highlighted the importance of the $1.09 test, with key resistance levels to watch including $1.19 and $1.27. A decisive break higher would likely confirm the correction is finally over for XRP, while a clear rejection could pave the way for a deeper move into the $0.90 to $0.85 range. ChartNerdTA noted that from $1.45 in April to $1.04 in June, XRP still has the historical 3-month upper regression band that has marked all prior cycle lows in its sights. The analyst warned that the current price action is viewed as a potential inflection point rather than confirmed capitulation, leaving room for a constructive setup if buyers defend the level. Despite the possibility of short-term weakness, ChartNerd maintains that XRP's long-term structure continues to support upside targets above $8 if key support levels hold.
Crypto analyst ChartNerd has shared a comprehensive long-term technical outlook suggesting XRP may still be on track for a substantial price rally. His analysis centers on what he describes as an 8.5-year cup-and-handle formation, a chart pattern that technical analysts often associate with long-term continuation trends. The chart outlines XRP's price history from 2014 through the present, highlighting a large, rounded "cup" formation followed by what appears to be the development of a handle. ChartNerd stated that XRP's handle is "aiming to cement its mark" as price heads back toward Fibonacci support and the Gaussian indicator for what he described as another historical bottom retest. The chart includes Fibonacci extension targets beginning above $8 and extending toward approximately $13 and $27 over the longer term, based on the assumption that the cup-and-handle formation completes successfully and XRP eventually breaks above the pattern's neckline resistance.
Price projections are gaining momentum as SBI Shinsei Bank, a subsidiary of Japanese financial giant SBI Holdings, has announced plans to launch a new service this fall that will allow customers to receive 20% of their deposit interest in the form of vouchers redeemable for Bitcoin (BTC), Ethereum (ETH), and XRP. According to Nikkei, the program enables depositors to convert a portion of their accrued interest into crypto vouchers, with amounts calculated based on market prices at the time of payout. The bank will first conduct a three-month pilot program beginning June 10, covering both savings and fixed-term deposit accounts with maturities ranging from three months to five years. Customers with approximately 300,000 yen deposits could earn vouchers worth roughly 500 yen, while high-net-worth customers holding 30 million yen or more could receive vouchers valued at around 20,000 yen. To redeem the vouchers, customers must open an account with SBI VC Trade, the group's licensed cryptocurrency exchange subsidiary, helping the bank maintain regulatory compliance while offering exposure to digital assets.
The post attracted responses from market participants assessing whether the current decline represents a final shakeout or the beginning of a more extended period of volatility. One commenter noted that every market cycle brings predictions that a pullback is the last one before a major advance, questioning whether the current move is simply a shakeout ahead of the next upward trend or a signal that the market has more volatility ahead. ChartNerd's outlook remains unchanged despite acknowledging the possibility of further downside in the near term. While he acknowledges the possibility of deeper pullback before confirming the longer-term bullish structure, his analysis suggests that XRP's long-term structure continues to support upside targets above $8 if key support levels hold and the broader pattern remains intact.
