XRP price prediction has moved back into focus after the token reclaimed the $1.13 area and tested early signs of a bullish reversal. XRP is trading near $1.145, up by 4% over 24 hours, with spot volume near $477.5 million and futures volume above $2.19 billion. Open interest stood around $2.54 billion, showing traders still hold large leveraged positions.
The rebound comes after months of pressure across the XRP price chart. Buyers now need a clear move above the $1.29 neckline to confirm the developing double bottom. Without that breakout, the current bounce still sits inside a wider bearish structure.
XRP first lost the $1.28 to $1.30 support zone in late May. That move pushed the token toward $1.05 in early June, where sellers drove heavy volume. The first drop came with stronger trading activity, showing aggressive exits.
The second low came on June 26, when XRP touched $1.0092. This low moved slightly under the first bottom, which can mark a bear trap. Sellers broke support, yet they failed to hold price under that level.
Volume also gives the pattern more weight. The second drop came with lower selling volume than the early June move. That shift often suggests sellers are losing control, even as price prints a lower low.
The XRP price prediction now centers on the neckline at $1.28 to $1.29. A daily close above that range would confirm the double bottom and open a possible move toward $1.57. That target comes from adding the pattern depth to the neckline.
Before that, XRP faces resistance near $1.17 and $1.18. The 44-day moving average sits in this zone, while Fibonacci data also points to selling pressure nearby. Holder data shows large XRP clusters between $1.18 and $1.22, which may slow any rally.
XRP price prediction also depends on whether fund flows keep supporting the market. XRP-linked ETFs added $59.4 million in June, marking a third straight month of inflows, according to SoSoValue data.
Those flows stand out as Bitcoin and Ether funds faced heavier pressure. ETF demand can reduce available supply over time, especially when exchange outflows rise. Still, daily inflows alone rarely move price unless broader market sentiment improves.
Regulation adds another layer to the setup. The Major County Sheriffs of America shifted its stance on the Clarity Act to neutral after concerns around Section 604 were partly addressed. Section 604 relates to protections for non-custodial developers under the Blockchain Regulatory Certainty Act.
The group still wants changes tied to state and local law enforcement resources. That keeps the bill in focus for crypto traders, as market structure rules can affect long-term XRP sentiment.
For now, support sits near $1.00 to $1.13. Resistance stands at $1.40, followed by $1.88 if buyers clear the neckline first. Weekly chart projections point to higher zones near $3.27, $8.17, and $17.16, but those levels need a sustained breakout above recent highs.
The post XRP Price Prediction Eyes $1.29 Neckline After Rebound appeared first on Blockonomi.
