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XRP holds $2.80 support as bullish retest signals potential new highs
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XRP holds $2.80 support as bullish retest signals potential new highs

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XRP has retraced into the $2.80 support zone, a level reinforced by the 50-day moving average and value area high. Strong bullish volume suggests the current retest could pave the way for another push toward record highs.

Summary

  • $2.80 support aligns with 50-day MA and value area high.
  • Current bounce indicates a bullish retest of structural support.
  • Above-average bullish volume confirms demand, supporting potential breakout to new highs.

The significance of $2.80 cannot be understated for Ripple (XRP). Not only is it a high-time frame support, but it also represents a zone of heavy traded volume. This overlap of structural support and value area positioning makes the level a prime candidate for accumulation.

Key technical points:

  • $2.80 High-Time Frame Support: Reinforced by the 50-day moving average and the value area high.
  • Bullish Retest in Play: Current price action shows resilience, maintaining higher highs and higher lows.
  • Volume Confirmation: Above-average bullish volume signals strong demand and market interest.

XRPUSDT (1D) Chart, Source: TradingView

From a structural perspective, XRP continues to maintain its bullish trajectory. Since reclaiming the point of control earlier this year, the token has enjoyed a series of higher highs and higher lows, a textbook indicator of bullish momentum. The present bounce off $2.80 highlights that the broader trend remains intact despite short-term corrections.

The role of volume at this stage is particularly important. Healthy bullish volume has been observed as price consolidates above the $2.80 mark, indicating that buyers are active and committed at this level. Sustained volume inflows suggest that the correction was less about a breakdown in market structure and more about a technical retest of support. This makes the bounce even more convincing for traders watching closely.

It is worth noting that XRP does not need to immediately break higher from current levels to remain bullish. A period of consolidation above $2.80 would allow the market to establish a firmer base and potentially trap weak sellers before moving higher. Such sideways action is common in bullish markets and often precedes the next impulsive leg.

What to expect in the coming price action

As long as XRP continues to hold above $2.80 with multiple daily closes, the structure remains bullish. Sustained volume and market demand increase the probability of continuation, with a move beyond the swing high likely to open the door for new all-time highs. The current retest is a critical juncture, if buyers maintain control, XRP could soon enter its next phase of bullish expansion.



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XRP
NFT Gaming

XRP Price Completes Bearish Retest As Macro Signals Point To $2.65

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Crypto analyst Egrag Crypto has revealed that the XRP price has completed its bearish retest, following the recent decline below the $2 level. The altcoin is now eyeing a bullish reversal, and the analyst has predicted that it could rally to as high as $2.65. 

XRP Price Eyes $2.65 Following Completion of Bearish Retest

In an X post, Egrag Crypto stated that the key breakout zones are the narrow range between $2.30 and $2.33 and the macro signaling level at $2.65. This came as the analyst indicated that the XRP price has completed its retest of the $1.90 and $2 range, which he had earlier predicted. 

Commenting on the current XRP price action, Egrag Crypto stated that the next move depends on whether the altcoin breaks above $2.08. If not, he warned that XRP could again retest the lows around $1.9. On the other hand, if it closes above $2.08 within the first 12 hours, along with daily and higher timeframes candles closure, then it would signal that “bulls are stepping in aggressively.” 

Source: Egrag Crypto on X

A successful close above this level could trigger a rally to these breakout zones at the narrow range between $2.30 and $2.33 and the macro signaling level at $2.65. Egrag Crypto indicated $2.65 was the level that could pave the way for a massive surge to a new high. His accompanying chart showed that $3.4 is a level of interest for the XRP price if it reclaims $2.65. 

This Is The Final Shakeout For XRP

In an X post, crypto analyst CasiTrades provided a bullish outlook for the XRP price, declaring that this recent decline is not a failure but the final shakeout. She remarked that XRP is delivering the price action she has been looking for. This includes the bullish divergence, which formed following the altcoin’s decline to the $1.90 level. 

CasiTrades drew attention to the Bitcoin price action, which she said has built her confidence in the XRP price bullish setup. She claimed that BTC is showing the same structure as the altcoin. Over the past week, the flagship crypto approached its major .236 retracement near $97,000. BTC came shy of this level, bounced back, and now looks ready for that final sweep to support. 

The analyst affirmed that there will be a heavy confluence if BTC tags that level while XRP hits $1.90. CasiTrades mentioned that both assets are showing this same “almost hit, bounce, final drop” behavior and that it is no coincidence. She claimed that the markets do this all the time when looking for fuel to launch a reversal. If the XRP price holds $1.90 and BTC reacts at $97,000, she declared that it is the kind of stacked signal the market has waited weeks for. 

At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $1.9 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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SOL Risks $120 Retest Despite Bullish Onchain Data
Crypto Trends

SOL Risks $120 Retest Despite Bullish Onchain Data

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Key takeaway:

SOL (SOL) projects a bearish outlook on the daily chart after forming a bearish engulfing, and if the trend holds, SOL price could fall to $120.

On the 1-day time frame, SOL shows a head-and-shoulders pattern, which is a bearish reversal signal. A breakdown below its $140 neckline level, confirmed by a volume spike, could lead to a bearish continuation.

Solana 1-day chart. Source: Cointelegraph/TradingView

The downside target from the head-and-shoulders pattern is around $126, supported by the immediate liquidity zone. However, the daily demand zone is outlined by the order block between $95 and $120 (yellow box), which could be tested over the next few weeks. 

The bearish pattern for SOL could be invalidated if the price achieves a daily close above the $157 resistance level. However, Solana has shown a strong correlation with Bitcoin throughout the quarter. With BTC potentially retesting support near the $100,000 level, increased sell-side pressure could lead to further correction for SOL.

Related: SOL price rally to $200 brewing, but 3 key catalysts must happen first

Onchain data supports Solana recovery.

Despite a bearish outlook, onchain data for Solana continues to paint a bullish picture. According to Glassnode, the Network Value to Transactions Ratio (NVT) has dropped below 10, its lowest score since February 2025. This suggests strong network usage relative to its market value, a key indicator of long-term potential, despite SOL’s price fluctuating under $150. 

Solana’s NVT ratio. Source: Glassnode

Additionally, the Exchange Net Position Change chart reveals consistent SOL withdrawals from exchanges, a trend that has recently begun to rise again (i.e., SOL is moving back into exchanges). This indicates growing investor confidence, as holding SOL off exchanges often signals accumulation for future gains. The data shows a significant net outflow, with peaks of -4.6 million SOL on May 28, followed by a recent uptick in deposits, which falls in line with the price’s current dip.

Solana Exchange Net Position Change. Source: Glassnode

While Solana’s price has faced volatility, dropping from a high of $295 in early 2025, the onchain metrics suggest underlying strength. The stable NVT and increasing exchange outflows highlight robust network activity and investor accumulation, overshadowing short-term price bearishness. 

Related: Canada’s Sol Strategies files with SEC to list on the Nasdaq

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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PEPE Shiba Inu
GameFi Guides

PEPE Eyes 500% Move In Pre-Breakout Retest, Can It Outperform Dogecoin?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

PEPE Coin, like the rest of the meme coin market, has struggled recently as the Bitcoin price retraced from its all-time high levels. This has put a strain on the market since the likes of Dogecoin have been unable to put in any notable gains during this time. However, with the month of June moving into full swing, there seems to be a turn in the tide, and meme coins are looking to ride out this wave.

Analyst Calls Out Bullish PEPE Formation

Crypto analyst Crypto Patel on the X (formerly Twitter) platform has called out PEPE as one of the coins that is showing bullish tendencies right now. This stems from the fact that the meme coin continues to hold strong even in the face of bearish pressure, and what’s more is that it has been able to maintain major support during this time.

As the crypto analyst explains, the PEPE price is still holding above trendline support at $0.0000091 to $0.0000112. This not only serves as major support but is also an accumulation zone for the meme coin. Thus, a continuous hold at this level suggests that bulls are still in control of the altcoin’s price.

Since the PEPE price has already seen a small breakout above the $0.000012 level, it suggests that accumulation is ending and a breakout retest is being staged right now. If this breakout retest is successful, then the next stop for the meme coin would be a full-on rally that could take it toward new all-time highs.

Source: X

Currently, PEPE is sitting approximately 56% below its $0.00002825 all-time high reached in December 2024. However, this might not be the case for long, as the crypto analyst says the first target in a breakout is the $0.000025 level. This puts the meme coin a mere 20% away from a new all-time high when reached. Then further targets are placed at $0.000035, and then $0.000055, which would be a full-on 500% rally from current levels if this target is reached.

Can It Outperform Dogecoin?

After moving into the limelight, PEPE has been fondly referred to as the next Dogecoin due to its ability to stage massive rallies akin to Dogecoin back in 2021. Given its lower market cap as well, the former has been expected to outperform the latter as the market winds back into bullish territory.

However, this does not mean that there are no gains to be had with Dogecoin, according to crypto analysts. One analyst, Coin Mastermind, has revealed an important formation in the Dogecoin price chart that could trigger a rally, and this is the round bottom support line.

Source: TradingView.com

The round bottom support line has appeared on the monthly Dogecoin price chart, suggesting that the meme coin is at a pivotal level. From here, a bounce to reclaim a strong hold above $0.2 could stir a major rally. But a rejection back down below $0.18 could be a crash indicator.

Price reverses from Tuesday’s gains | Source: PEPEUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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