Sellers broke another support level on heavy volume, while the recovery failed to reclaim the zone that would ease downside pressure.
- XRP slid 2.8 percent to about $1.07, losing key support at $1.0850 and leaving the token near the lower end of its June trading range.
- Traders now see $1.05 to $1.07 as the critical support band, with a break lower likely to refocus attention on the psychological $1 level.
- Analysts say XRP remains in a defensive posture below $1.0850, and that bulls must reclaim $1.10 to show the latest breakdown was only a shakeout.
XRP lost $1.0850 during Tuesday’s selloff, then failed to win it back. That leaves the token sitting near the lower end of its June range, with buyers still defending the $1.05-$1.07 area but no longer pushing price far enough to change the tape. Every failed bounce makes $1 look a little closer.
News Background
• XRP traded lower alongside a broader crypto market pullback, with CD5 dropping nearly 3% as bitcoin and major tokens came under pressure.
• Analysts continue to frame the $1.05-$1.10 zone as a key support area for XRP, with a break below it likely shifting attention toward the psychological $1 level.
• Longer-term bulls still point to a multi-year falling wedge structure, but near-term price action remains defined by lower highs and repeated failed recoveries.
Price Action Summary
• XRP fell from $1.1020 to $1.0708 during the 24-hour session, losing 2.8%.
• The main breakdown came at 13:00 UTC, when volume surged to 117.26 million XRP and pushed price through support at $1.0850.
• Selling later drove XRP to an intraday low near $1.0446 before a modest rebound carried price back toward $1.07.
Technical Analysis
• The loss of $1.0850 shifted that level from support into resistance, leaving buyers with another overhead level to reclaim.
• The bounce from the $1.04 area was weak. Price recovered, but volume faded quickly and XRP failed to challenge the breakdown zone.
• The intraday chart continues to show lower highs, with rallies stalling near $1.073-$1.075 before sellers step back in.
• XRP remains stuck in a defensive structure as long as it trades below $1.0850 and keeps revisiting the same support band.
What traders should watch
• $1.05-$1.07 is the immediate support zone. Losing it would put $1.00 back in focus.
• $1.0850 is the first recovery level bulls need to reclaim before the chart starts to stabilize.
• $1.10 remains the next resistance area, with failed retests there likely to keep sellers in control.
• A move back above $1.10 would suggest the latest breakdown was another shakeout.
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.