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XRP Price Analysis: Critical $1.65 Level Tests Relief Rally While $0.90 Target Looms

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TLDR:

  • XRP reached first relief target at $1.52 after RSI hit multi-year lows during last week’s selloff 
  • Critical $1.65 resistance zone will determine if XRP continues rally or drops toward $0.90 support 
  • Ripple partners with Aviva Investors to tokenize real-world assets on XRP Ledger throughout 2026 
  • Analysts warn against panic selling as XRP flirts with correction lows and potential bullish setup

 

XRP price action shows signs of relief following last week’s sharp decline that pushed technical indicators to extreme levels.

Market analysts track the $1.65 resistance zone as a critical threshold for the digital asset’s near-term direction. A failure at this level could open the door to targets as low as $0.90.

The current phase presents multiple scenarios for traders watching key support and resistance zones.

Critical Price Levels Define XRP’s Next Move

XRP has entered a Wave 4 relief phase after last Thursday’s massive selloff tested market sentiment. Technical analyst CasiTrades noted the decline pushed RSI to multi-year lows across trading platforms.

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The subsequent bounce has already reached the first Wave 4 target near $1.52. This price point coincides with the 0.382 retracement level and macro 0.65 fibonacci zone.

The market now approaches a decisive juncture at the $1.65 resistance area. This level represents the 0.5 retracement and macro 0.618 fibonacci extension.

The asset’s ability to flip this zone into support will determine the next directional move. Technical patterns suggest two distinct paths forward based on price behavior at current levels.

A rejection at $1.65 could trigger another wave down to lower support zones. CasiTrades outlined potential targets at $1.09 and approximately $0.90 in this scenario.

These levels would mark the completion of a corrective structure from recent highs. The analyst emphasized that RSI has reset enough to allow for such a move.

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However, the relief bounce offers an alternative bullish scenario for market participants. If XRP successfully reclaims $1.65 and holds it as support, buying pressure could increase.

Traders would then wait for confirmation through a back-test of this support level. The analyst cautioned against panic selling given the asset’s proximity to correction lows.

Ripple Partnership Adds Fundamental Support

Ripple announced a collaboration with Aviva Investors to tokenize real-world assets on XRP Ledger. Reece Merrick from Ripple shared the development, marking the first partnership with a European investment management firm.

The initiative will bring traditional fund structures to the blockchain throughout 2026. Aviva Investors cited the ledger’s speed, cost efficiency, and sustainability as key factors.

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The partnership addresses growing institutional interest in blockchain-based asset management solutions. Traditional finance firms continue exploring distributed ledger technology for operational advantages.

XRP Ledger provides the infrastructure necessary for large-scale tokenization projects. European investment managers show increasing willingness to adopt blockchain platforms.

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Asset tokenization represents a expanding sector within the digital asset industry. The collaboration aims to bridge institutional finance with blockchain utility at scale. Real-world assets moving onto public ledgers could drive long-term adoption metrics. This development provides fundamental support independent of short-term price fluctuations.

The announcement comes as XRP navigates technical correction levels on price charts. Fundamental developments often diverge from immediate market sentiment during volatile periods.

Long-term investors may view the partnership as validation of the ledger’s institutional appeal. Technical traders meanwhile focus on price action to determine entry and exit points.

 

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Crypto World

CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

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CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

Michael Selig, US President Donald Trump’s nominee leading the Commodity Futures Trading Commission (CFTC), said the agency was prepared to oversee the entire $3 trillion crypto industry, with no timeline for Congress to pass a crucial market structure bill.

In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets.

His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues.

“The same regulatory clarity being delivered to the crypto industry is being developed for prediction markets, which can serve as powerful tools for information discovery and are regulated by the CFTC under the Commodity Exchange Act,” said Selig.

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Under Selig, who was confirmed by the Senate in December, the CFTC has adopted many policies signaling that the agency would soften its enforcement and regulation of digital assets compared to previous administrations. In March, the agency announced a memorandum of understanding with the Securities and Exchange Commission (SEC) as part of efforts to coordinate on regulation, including digital assets.

Related: Crypto exchange KuCoin agrees to $500K settlement, ending CFTC case

Although early drafts of the market structure bill suggested the legislation could give the CFTC additional authority to oversee digital assets, the SEC is expected to continue regulating cryptocurrencies it considers to be securities.

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Lawmakers pressing CFTC on insider trading claims over prediction markets

US state authorities and federal lawmakers have been targeting prediction market platforms like Kalshi and Polymarket over alleged violations of gaming laws and claims of politicians using insider information to profit.

While many of the state-level actions continue to be litigated in court, Selig has claimed that the CFTC has “exclusive jurisdiction” over prediction markets and threatened legal action against any challenges to its authority.

In a Tuesday event, CFTC enforcement director David Miller said that the agency’s position was that event contracts on prediction markets were not “gaming” but rather “swaps” that fall under its purview.

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Some lawmakers have also proposed legislation to ban elected officials with insider information from profiting from event contracts after suspicious trades on military actions involving Iran and Venezuela.

Magazine: A newbie’s guide to surviving crypto winter