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XRP rebounds near $1.16 but weekly losses keep market outlook weak, needing $1.36 to confirm stronger momentum.

Market News
07 Jun 2026
Crypto news
View Source
Neutral
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XRP price rebounded to around $1.16 after a sharp weekly selloff but remains down 12.8% over the past week and 16.16% over the month, reflecting a weak market trend. Analysts note XRP is following a broader downtrend path, with key support near $1.03 and resistance at $1.36, which must be surpassed to signal stronger buying momentum. Despite moderate ETF inflows providing some institutional support, technical indicators like RSI and MACD show only early signs of recovery, and XRP dominance in the crypto market is declining, keeping downside risks alive. Investors should watch for a move above $1.36 with higher volume to confirm a sustained rebound.

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