Analyst says XRP between $1.00 and $0.60 may offer a favorable accumulation range despite recent market weakness. Another analyst says he is watching the $0.90 level as a potential long-term
Analysts Crypto Patel and Ali identified the current XRP price area as an important long-term level. Crypto Patel argued that buying often feels hardest during major corrections, while Ali said he is closely watching the $0.90 region for a potential opportunity. Their views came as XRP traded near $1.13 following a recent recovery from its June low.
According to Crypto Patel, XRP trading above $1 has created a completely different reaction from investors than it did years ago. He noted that in 2017, many holders viewed $1 as the ultimate target after buying near $0.003.
Patel said XRP now trades around the same level, yet market sentiment has shifted. He added that the asset remains roughly 37,000% above its 2017 low despite recent weakness. According to his outlook, the preferred accumulation range sits between $1 and $0.60, while he outlined long-term targets of $5 and $10.
Ali also highlighted a specific price level. He said he is monitoring $0.90 closely, adding that such a move could present a compelling long-term buying opportunity.
The latest one-hour chart shows XRP trading at approximately $1.1378 after recovering from a decline toward $1.05 on June 6. Notably, the asset previously traded near the $1.34 to $1.35 area before sellers gained control.
Source: TradingView Trading activity increased during both the decline and the rebound, with reported volume reaching about 1.56 million XRP. At the same time, the Relative Strength Index stood at 58.76, remaining below overbought territory.
The MACD indicator continues to favor buyers, with the MACD line holding above the signal line. However, the histogram has started to contract, showing that upward momentum has slowed.
Current support levels are located near $1.12 and $1.05, while immediate resistance stands around $1.15 and $1.20. According to the chart structure, a move above $1.15 could open the way toward the $1.20 to $1.25 region, while a break below $1.12 may expose recent lows once again.
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