XRP dropped over 4%, now testing crucial support levels after losing $1.13, raising concerns of further declines.
XRP has seen a significant downturn, plunging more than 4% to fall beneath the critical $1.13 mark, amid increasing selling activity that raises concerns among traders. This decline has sparked speculation about whether it signals a final capitulation or the potential for further drops towards the $1.00 level.
XRP's Recent Performance
On June 10, 2026, XRP tested support levels around $1.10 to $1.12 after the loss of the important $1.13 resistance. The heightened selling resulted in a marked increase in trading volumes.
- The cryptocurrency is currently entrenched in a bearish phase, trading below both its 100-day and 200-day moving averages, while momentum indicators are nearing oversold conditions.
- Market watchers are closely monitoring the $1.10–$1.12 support area; failure to maintain this level could lead to a further drop to around $1.00, or possibly lower, between $0.80 and $0.90.
Despite various attempts to buy at critical support points, XRP continues to struggle, having slipped back to the $1.10 range after breaching $1.13, which analysts indicate as a pivotal support level. The recent increased selling pressure has been significant.
Market Context
• Market analysts have identified the $1.09 region as a key Fibonacci support that XRP has approached over the past months.
• XRP has failed to maintain its position above the significant moving averages, suggesting a persistent bearish trend.
• A surge in trading volume was observed during the sell-off, indicating a substantial repositioning event rather than a gradual increase in bearish sentiment.
Price Movement Details
• XRP's price fell from $1.1505 to $1.1248 over the course of 24 hours, representing a loss exceeding 4%.
• The decline accelerated after the token lost support at the $1.13 level, with trading volumes reaching 109.9 million XRP—more than double the usual daily activity.
• XRP later tested the support at around $1.1240 before stabilizing towards the session's close as selling pressure eased.
Technical Analysis
• The critical moment came when XRP lost the $1.13 support, which has now turned into a primary resistance level for any recovery efforts.
• The volume spike during the selloff suggests active liquidation rather than just passive weakness, reflecting significant market repositioning.
• Momentum indicators are approaching oversold territory, with daily RSI levels hinting at potential for short-term relief rallies.
• The prevailing structure remains bearish, with XRP continuing to navigate within a descending channel.
Trader Insights
• The $1.10-$1.12 area is now vital; a break below could exacerbate the risk of falling to $1.00 or further down to the $0.80-$0.90 margin.
• To relieve immediate pressure, bulls must reclaim the $1.13 level.
• After overcoming $1.13, the focus will shift to the $1.20 mark and subsequently to the resistance range of $1.35-$1.40, where previous recovery efforts have struggled.
• As the price setup tightens, buyers need to robustly defend the current support area to avoid a more significant downturn in XRP's value.
