XRP was trading near $1.10 as chart analysts debated whether the token has already established a bottom, with several traders pointing to a rare alignment of technical indicators.

According to CoinGecko data cited in the source report, XRP recorded 24-hour trading volume of $577,045,061. The token was up 0.03% over the previous day and 0.19% over the week.

Analysts focused on signals including RSI, MACD, Fibonacci support and a falling wedge pattern, while also noting that broader macroeconomic pressure continues to complicate the outlook. For traders, the debate matters because technical bottom signals can identify areas of interest, but they do not confirm a reversal unless price action and broader market conditions support the setup.

Weekly Chart Signals Draw Attention

Analyst LongTermHold3r highlighted XRP’s weekly chart and its relationship with the 200 SMA. The analyst said the moving average has increasingly acted as a magnet for XRP’s price whenever the token approaches it.

LongTermHold3r attributed that pattern to growing market maturity, deeper liquidity and rising institutional participation. The analyst described the 200 SMA as a major reversal zone for XRP.

🚨 ripple:native continues to flash strong trend reversal signals!

As this weekly chart clearly shows, the magnetic effect of the 200 SMA on XRP’s price has strengthened over the years whenever price approaches it. This is likely due to increasing market maturity, deeper… pic.twitter.com/sJ74CiTTcL

— Long-Term Holder (@LongTermHold3r) July 26, 2026

Momentum indicators were also cited as part of the same argument. According to the analysis, the MACD is showing a bullish divergence, with early indications that upward momentum may be developing.

The RSI has moved sideways near oversold territory, a pattern technical traders often associate with weakening selling pressure. Together, the MACD and RSI readings were presented as signs that the selling phase may be losing strength.

Fibonacci Support and Falling Wedge Pattern Add to the Setup

The analysis also pointed to support near the 0.618 Fibonacci retracement level, a closely watched area among technical traders.

XRP was also described as sitting at the support line of a falling wedge pattern. Falling wedges are commonly interpreted by chart analysts as bullish reversal formations when price holds the lower trendline.

LongTermHold3r described the combination of the 200 SMA, MACD divergence, RSI behavior, Fibonacci support and the falling wedge structure as a very strong confluence zone.

Under that interpretation, the alignment makes a deeper correction less probable and points instead to the possibility of an immediate bullish rebound. Traders following this view see the current price area as a technical setup rather than an isolated dip. The $1 area also remains important in the discussion because round-number levels are often watched as psychological support or resistance in highly traded crypto assets.

Macro Conditions Remain a Key Factor

Other traders took a more cautious view of the same setup. ChartNerdTA addressed the debate from a broader macro perspective, saying the main bullish argument depends on XRP staying above $1 and forming a June bottom ahead of Bitcoin, similar to patterns seen in 2014 and 2022.

Besides the charts, the core argument that $XRP avoids dropping below $1 and puts in a June bottom ahead of Bitcoin (similar to 2014 and 2022) relies on newly found strong institutional ETF demand, whale accumulation, and previous historical cycle rhythms.

However, the FEDs…

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) July 26, 2026

ChartNerdTA cited strong institutional ETF demand and whale accumulation as supporting factors for that thesis. However, the analyst said the Federal Reserve’s hawkish hold altered the market backdrop.

According to ChartNerdTA, stronger-than-expected economic data led investors to price out further rate cuts. That shift created a liquidity crunch and pulled the broader crypto market into a risk-off correction.

During that period, XRP touched its $1 floor, according to the analyst’s account. ChartNerdTA described the current zone less as a confirmed bottom and more as an “area of opportunity.”

The analyst also said lower downside targets remain possible while macro pressure persists. Even so, historical cycle data and institutional interest around June lows were cited as reasons the XRP bottom thesis remains in discussion.

Both analysts described the coming period as significant for XRP’s next move, though they framed the technical and macro risks differently. The key point of contrast is whether traders place more weight on XRP’s chart confluence or on the risk that tighter liquidity conditions continue to pressure crypto assets broadly.