• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst

June 3, 2026
in Bitcoin
Reading Time: 2min read
0 0
A A
0
0
SHARES
2
VIEWS
ShareShareShareShareShare

Investors who stay patient through the current pullback could be among the biggest winners when market sentiment eventually turns — at least according to one analyst who has been tracking XRP closely through this period of weakness.

A Floor That Holds

XRP is not expected to collapse below $1, based on the analyst’s reading of current market conditions. The token has been trading near the bottom of its recent range, weighed down by a broader crypto selloff that has pushed Bitcoin below key support levels and rattled confidence across the market.

The analyst, speaking in a video report, pointed to the $1.20 area as a likely floor before any meaningful recovery begins. That level, in his view, represents the kind of final washout that has historically preceded major rallies — a pattern he says is playing out again now.

Geopolitics Behind The Pressure

Much of the near-term risk, according to the analyst, comes not from crypto fundamentals but from the Middle East. Escalating tensions in the region have raised fears of a major crude oil supply disruption, with reports pointing to declining oil inventories, drawdowns in Japan’s strategic petroleum reserves, and renewed conflict between Iran and Israel.

Idle vessels in the Gulf are reportedly dealing with operational issues that could slow energy transportation further. Even if a peace deal materializes, supply chains may take months to fully recover, the analyst warned.

That overhang, he argues, keeps the door open for another round of selling across risk assets — crypto included.


Stocks Are Flashing Yellow

Traditional markets are not giving investors much comfort either. The US bond market has remained stuck in a prolonged drawdown, and while the S&P 500 has pushed to fresh highs, those gains are concentrated in a small number of companies.

Market breadth is thin, and valuations are at historic extremes. The analyst’s advice: skip the overheated equity trade and pay attention to assets that have already gone through serious corrections.

A Bull Run Delayed, Not Denied

XRP’s long-term case remains intact, the analyst said, with a major rally expected later in 2026. He plans to keep buying on weakness and views the current climate — heavy selling, widespread fear — as exactly the kind of setup that precedes outsized gains.

Even large institutional buyers have been unable to stop prices from sliding, reports note. But the analyst sees that as a feature, not a flaw, in a market that tends to reward those who hold through the hard stretches.

Featured image from Pexels, chart from TradingView

Credit: Source link

ShareTweetSendPinShare
Previous Post

Cardano’s Most Important Analytics Platform Is Shutting Down After Losing 5 Executives in One Year

Next Post

Ethereum Could Outperform Bitcoin Despite Recent Price Weakness: Standard Chartered

Next Post
Ethereum Could Outperform Bitcoin Despite Recent Price Weakness: Standard Chartered

Ethereum Could Outperform Bitcoin Despite Recent Price Weakness: Standard Chartered

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You might also like

Strive Seeks $4.2B ATM Expansion To Fund More Bitcoin Buys

Strive Adds 759 Bitcoin As Corporate BTC Treasury Race Continues

June 22, 2026
DeFi TVL Drops 39% In 2026 As Leverage And Yields Cool

DeFi TVL Drops 39% In 2026 As Leverage And Yields Cool

June 25, 2026
Ripple-SEC Legal Drama Ends; XRP Skyrockets 13%

Legal Context Protocol Aims To Give AI Agent Payments A Dispute Layer

June 25, 2026
Bitcoin Bearish Breakdown Setup Warns Sellers Still Control

Bitcoin Bearish Breakdown Setup Warns Sellers Still Control

June 20, 2026
Charles Hoskinson Says Cardano Needs AI Agents to Run “Midnight City”: Will Roadmap Move ADA’s Price?

Charles Hoskinson Says Cardano Needs AI Agents to Run “Midnight City”: Will Roadmap Move ADA’s Price?

June 22, 2026
Ethereum Underperforms Despite ETFs: Market Structure Analysis

Ethereum Underperforms Despite ETFs: Market Structure Analysis

June 21, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Apple Vision Pro exec to OpenAI, but Polymarket still has Anthropic at 85.5%

Apple Vision Pro exec to OpenAI, but Polymarket still has Anthropic at 85.5%

June 26, 2026
Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

June 26, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.