XRP Stabilizes at $1 Range Amid Rebound Setup
Ripple's XRP has been stabilizing within a $1 range as charts suggest a rebound setup is underway.
According to an analysis by The Crypto Basic, XRP has entered an 'extreme buying opportunity' zone on the daily chart, indicating that the long downtrend may be nearing its end.
The analysis notes that the selling pressure in XRP has eased significantly, with recent price action looking different from assets trapped in a strong bear market.
The key factor behind this shift is the change in trading volume. XRP's correction period began after hitting an all-time high of $3.66 on July 18, 2025, and it posted its strongest selling volume right after setting that peak.
However, recent moves have been different, with volume falling sharply as XRP slid to $1.009 on June 26, approaching its lowest level in years.