XRP is approaching a level that could determine its next major move, according to crypto analyst Josiah Gallegos, who believes the asset is nearing a significant decision point after spending roughly a year in a prolonged downward trend.
Gallegos recently noted that XRP is testing a significant descending trendline that has restricted price action for several months. He also observed that the digital asset is directly above a support region between $1.05 and $1.10, which he identified as a critical foundation to preserve the broader structure.
The analyst characterized the situation as one of the most critical stages for XRP in recent months. He highlighted that a break above the year-long resistance line could significantly enhance the asset’s future outlook.
$XRP Testing Major Year-Long Trendline 🚨
(Breakout Incoming)XRP has been grinding lower for a full year and is now testing that major descending trendline while sitting right on top of the $1.05 – $1.10 support zone.
The timing is closing in — likely looking at a major… pic.twitter.com/UWRG0YsrEe
— Josiah Gallegos (@josiahmarqus) June 16, 2026
Focus Turns to Early July Timing
According to Gallegos, the timing of this test may coincide with developments that market participants are already watching closely. He stated that a major decision point could emerge around the Fourth of July period, which he linked to expectations surrounding the Clarity Act and the possibility of additional regulatory developments.
While the timing remains speculative, Gallegos indicated that a favorable regulatory environment could act as a catalyst if technical resistance is overcome.
The chart attached to his post showed XRP pressing against the descending trendline that stretches from previous highs. The image also highlighted the support zone between $1.05 and $1.10 and illustrated a potential move either higher or lower, depending on how the market reacts at the current level.
Break Above the 50-Day EMA Seen as a Positive Sign
Gallegos also pointed to XRP’s movement through the 50-day exponential moving average, describing it as an important technical development. According to him, this shift often reflects strengthening momentum and can eventually provide dynamic support for prices.
His chart showed the long-term trendline intersecting with the 50-day EMA, creating what he viewed as a pivotal area for XRP traders. The analyst suggested that maintaining strength above these levels would increase the probability of a sustained move higher.
He added that history has shown similar trendline tests can result in powerful breakouts when accompanied by favorable conditions.
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Analyst Sees Stronger Upside Potential if Resistance Gives Way
Looking ahead, Gallegos stated that the key requirement is for XRP to break above the year-long resistance and maintain support afterward. He noted that a successful breakout could significantly increase the potential for further price appreciation.
In his view, several factors could contribute to that scenario, including greater institutional adoption, additional bank integrations, and increased regulatory clarity.
Despite the bullish outlook, Gallegos urged market participants to remain disciplined and patient, describing the current technical setup as a major one for XRP as it approaches what he believes could be a defining moment.
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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