NewsBTC •
June 8, 2026 at 22:40 •
Analysis
XRP’s price action has come under heavy pressure in recent days alongside the rest of the market, falling back into a major support region around $1.10 with sellers still controlling short-term momentum. The decline has placed XRP directly inside a notable zone on the monthly candlestick long-term chart. Particularly, technical analysis done by crypto analyst EGRAG CRYPTO indicates that XRP may still face one more liquidity sweep before a much larger move above $10. XRP In Face-Melting Phase EGRAG’s analysis is based on the monthly candlestick timeframe chart depicting XRP’s behavior around the 50-month and 100-month exponential moving averages. According to the analyst, XRP has shown a recurring pattern on higher time frames whenever it loses the 50 EMA decisively....
