XRP has entered a critical phase on the weekly chart after losing a major technical level that supported price action for months.
Crypto expert BankXRP (@BankXRP) highlighted the development in a recent post, noting that XRP had fallen below the Ichimoku cloud on the weekly timeframe while trading at $1.14 following a 3.46% decline.
The chart shows XRP slipping below key Ichimoku support as both major trend lines continue to trend lower. While the move does not determine XRP’s long-term direction, it places greater focus on how the asset reacts to resistance levels in the weeks ahead.
Anyone who can explain this chart for me? 👀
XRP weekly just lost the Ichimoku cloud down 3.46%, sitting at $1.14, both trend lines rolling over 📉 pic.twitter.com/ry0YorYQzw
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) June 21, 2026
Weekly Structure Shifts Lower
BankXRP’s chart presents a notable change in XRP’s technical structure. After a powerful rally that pushed the token to its all-time high in July 2025, its price has steadily retraced and now sits below the Ichimoku cloud.
The weekly chart shows the blue Tenkan-sen line below the red Kijun-sen line, a configuration that typically reflects weakening momentum. XRP has also moved beneath both lines, leaving resistance above the current price.
Another important feature is the forward cloud. The projected cloud ahead remains red and slopes downward. That setup often signals that sellers continue to hold an advantage unless XRP can reclaim higher levels.
Another Expert Weighs In
Prominent crypto commentator Ripple Bull Winkle (@RipBullWinkle) offered his interpretation of the chart. According to him, the large move higher appears to have been “a short-covering rally or news pump that is being fully retraced rather than the start of a sustained uptrend.”
He added that the current Ichimoku structure favors continued consolidation or a downside unless XRP can recover important technical levels. His analysis focuses heavily on the Kijun-sen, the red line visible on the chart. As long as XRP remains below that level, traders will likely view it as a key resistance area.
Ripple Bull Winkle also noted that the cloud ahead remains red and continues to slope downward, placing additional resistance above current prices.
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Focus Turns to the Next Move
BankXRP’s observation highlights a technical development that many market participants watch closely. Losing the weekly cloud signals that momentum has weakened compared with earlier stages of the rally.
At the same time, Ripple Bull Winkle’s assessment places attention on the path back toward resistance. His conclusion classified XRP as “short-term bearish, medium-term neutral until key resistance is reclaimed.”
For now, the weekly chart places the spotlight on the Kijun-sen and the cloud above it. If XRP can recover those levels, sentiment could improve.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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