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XRP drops 17% in a month but may soon surprise with a major move, says analyst.

Market News
08 Jun 2026
Benzinga
View Source
Neutral
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XRP has fallen about 17% over the past month and is nearing a critical weekly support level. An analyst from Mango Research warns that despite bearish trends, volatility spikes suggest sellers may be exhausted, potentially leading to a reversal or relief rally. The weekly RSI is deeply oversold, and momentum indicators hint at a possible bottom forming. Traders are watching for a weekly candle close below support to confirm further declines, but if support holds, XRP could consolidate before a significant breakout later.

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