Despite the uncertainties in the cryptocurrency market, XRP remained in a limited surplus as of June 27, 2026. The asset traded at $1.06, up 1.26% in the last 24 hours. Daily trading volume was recorded as $2.05 billion and market value was $66.22 billion.
Analysts focus on the bottom question
Cryptocurrency analyst EGRAG CRYPTO, in his Elliott Wave analysis update shared on June 27, argued that the real question for XRP investors is not how much the price can rise, but whether the bottom in the market cycle has occurred. XRP is known as a digital asset that is connected to the Ripple ecosystem and stands out for its cross-border payment usage area.
EGRAG CRYPTO evaluates that the main question for XRP at this stage is whether the bottom has been seen in the market cycle rather than new highs.
According to the analyst’s first scenario, XRP may have approached the final part of the correction movement and may move into a stronger upward phase after that. The second scenario indicates that there may be another downward movement before a broader recovery begins.
Mini dictionary: Elliott Wave theory is a technical analysis approach that suggests that market movements progress in waves depending on investor psychology. With this method, analysts try to interpret possible turning points and cycle phases.
While it is stated that both approaches are considered technically valid, a cautious outlook is maintained in short-term transactions due to the ongoing search for direction in the market.
Technical indicators point to continued pressure
Bollinger Bands data shows that XRP is hovering close to the lower band. The lower band is at $1.03185, the middle band is at $1.13330, and the upper band is at $1.23476. The fact that the price remains below the middle band indicates that sellers maintain their influence in the short term.
| Indicator | Level | Comment |
|---|---|---|
| XRP price | $1.06 | Watching close to the lower band |
| Bollinger middle band | $1.13330 | If exceeded, recovery may gain strength |
| Bollinger lower band | $1.03185 | Close support zone |
| Bollinger upper band | $1.23476 | Upward target area |
The wide distance between the bands reveals that volatility continues. This chart indicates that the price may produce sharper movements in both directions.
MACD data shows that selling pressure may weaken
The MACD indicator also supports the downward trend for now. While the MACD line is at minus 0.04957, the signal line is at minus 0.04535. The histogram continues to remain in the negative zone at minus 0.00422.
While the negative outlook in the MACD data remains, the narrowing in the histogram indicates that the selling pressure may lose momentum compared to the previous period.
On the other hand, the narrowing in the histogram suggests that the downward momentum may be weakening. For a clearer improvement in the technical outlook, the buying power must become evident and a positive intersection must occur on the MACD side.
It will be closely watched to see if XRP can break above the middle Bollinger band in the next few trading sessions. Exceeding this level may strengthen the possibility of recovery. If the support zone cannot be maintained, a deeper correction may occur before the upward trend begins.
