XRP bounced back above $1.10 after four-month lows, but analysts warn the rally means little until key resistance levels are reclaimed.
XRP climbed back above $1.10 after touching its lowest price in four months. Trading volume picked up alongside the recovery.
ETF inflows continued streaming in, and exchange outflows remained steady.
Still, the price failed to push through levels that traders widely consider significant. The bounce is happening, but the real test is yet to come.
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XRP Price Recovery Struggles Below Key Resistance Levels
Crypto analyst That Martini Guy flagged the situation on social media this week. He noted that while demand signals look healthy, price action tells a different story.
Exchange outflows, volume increases, and ETF inflows typically point to buying interest. But XRP is still trading below the resistance zones that matter.
XRP has bounced back above $1.10 after hitting its lowest levels in four months.
Volume has picked up, ETF inflows are still coming in, and coins continue leaving exchanges.
Yet price is still struggling below the levels that really matter.
To me, that’s the interesting part.… pic.twitter.com/jWUhrhpcC6
— That Martini Guy ₿ (@MartiniGuyYT) June 8, 2026
According to That Martini Guy, a bounce without a breakout carries limited weight.
His view is straightforward: until XRP starts reclaiming those key resistance levels, the move upward is just a bounce. The sellers are still in control, and buyers need to show more strength to change that.
The daily chart on TradingView backs this up. Price is forming lower highs and lower lows from the March-May range. At roughly $1.15, XRP sits near recent breakdown lows. The structure remains bearish until proven otherwise.
Ichimoku cloud analysis adds further context. Price trades below the cloud, confirming a bearish market regime. The cloud ahead is thick and red, pointing to strong overhead resistance between $1.25 and $1.30.
The Tenkan and Kijun lines remain in a bearish alignment, with price failing to reclaim equilibrium.
XRP RSI Hits Historic Oversold Levels on 2-Week Chart
Analyst Cryptoinsightuk brought a longer-term perspective to the conversation.
On the two-week RSI, XRP is currently more oversold than the bottoms of both the 2018-2020 and 2022-2024 bear markets. That is a notable data point. It does not confirm a bottom, but it does reflect how severe the momentum decline has been.
Cryptoinsightuk argued this pullback has been worse than most in XRP’s history. He described it as a move with no relief, driven at unusual speed.
The two-week RSI reading confirms that view. At the same time, the Fear and Greed Index sat at just 8 during this period, reflecting extreme market pessimism.
Right now $XRP on the 2 week RSI is more oversold than the bottom of our 2018-2020 bear market, and the 2022-24 bear market.
Does this mean we are at a low? No.
But it does mean in terms of momentum, this is the lowest we've ever been. I've been arguing this pull back has been… pic.twitter.com/Nq0BmC8Wq9
— Cryptoinsightuk (@Cryptoinsightuk) June 8, 2026
On the daily chart, the RSI is sitting around 32, approaching oversold territory. That suggests short-term exhaustion is building. However, analysts note it is not a confirmed reversal signal. The RSI trend still points downward, consistent with continued selling pressure.
Volume data from the daily chart also showed notable expansion on the recent downside move. That pattern typically reflects distribution rather than accumulation. It suggests sellers were active during the decline, not buyers stepping in aggressively.
Key XRP Price Levels to Watch Amid Bearish Market Structure
Cryptoinsightuk pointed to $0.91 as what he considers a strong potential entry point.
His reasoning centers on liquidity. That level would clear most of the downside liquidity sitting below current prices. It would also leave a cleaner path for market makers to target the estimated $281 million in short positions stacked up to $3.25.
He noted the liquidity imbalance strongly favors the upside at some point. Dollar-cost averaging near current levels, he suggested, could be a worthwhile strategy given the historic oversold readings. That said, he was clear this is not a call for an immediate bottom.
On the resistance side, $1.20 is the first level XRP needs to reclaim in the short term.
Beyond that, $1.25 to $1.30 represents a major supply zone reinforced by the Ichimoku cloud. A sustained close above $1.30 would invalidate the current bearish setup according to the chart analysis.
Support sits at $1.10 as an immediate structural level, with $1.00 acting as a psychological and liquidity target if selling continues.
The short-term bias points to a possible relief bounce toward $1.20. The mid-term picture stays bearish unless XRP can break above the cloud decisively.
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