XRP Tests Key Trendline Support Amid Macro Uncertainty

XRP has been testing key trendline support after a recent 5% drop in price following a hawkish Fed outlook that triggered a broad crypto market selloff.

The pullback began shortly after XRP failed to break through the $1.25 resistance area, with the asset falling to an intraday low of $1.16 on June 18.

Despite the decline, technical indicators and derivatives metrics remain intact above $1.16 support, with momentum indicators weakening but not yet entering bearish territory.

Ripple's Flutterwave investment and $1 billion revenue target offer fundamental support amid macro uncertainty, while analysts continue to watch for reversal signals despite XRP's recent weakness.