XRP is trading at $1.11 Wednesday, with market analysts pointing to a 75% probability that the cryptocurrency will test the $1.06 support level before mounting a push toward $1.40 by mid-July. The projected breakout comes even as technical signals flash bearish.
Probable path to $1.06 support
Traders are watching the $1.06 mark closely. A drop to that level would represent a roughly 4.5% decline from current prices, but analysts see it as a necessary shakeout before a sustained move higher. The predicted timeline places the rally to $1.40 within the next three weeks, assuming the support holds.
Smart money remains long
Despite the near-term bearish technical setup, data shows that so-called smart money — large institutional or well-informed traders — is maintaining heavily long positions on XRP. That divergence between price action and positioning suggests the dip might be temporary, with bigger players betting on a mid-summer breakout.
What's driving the bearish tech signals
Short-term momentum indicators on XRP have turned negative, which partly explains the expected slide to support. Yet the contrast between those signals and the smart-money flows leaves the market in a wait-and-see pattern. Nothing in the current data suggests a break below $1.06 would turn into a deeper sell-off, but the level will be a key test in the coming days.
For now, traders are eyeing $1.40 as the next major target by mid-July. Whether that rally materializes depends on whether the support level holds and whether the bearish technicals give way to the longer-term bullish positioning.
