XRP experienced a drop of over 4%, falling below the crucial $1.13 threshold amid intensified selling pressure, which raises questions among traders about whether this downturn signifies a final washout or the onset of a more significant decline towards $1.00.
XRP's Performance Overview
On June 10, 2026, the cryptocurrency slipped to test support levels between $1.10 and $1.12 after losing the essential $1.13 mark, where both selling and trading volumes surged significantly.
- The token is currently caught in a broader bearish trend, trading within a descending channel and below its 100-day and 200-day moving averages, even as momentum indicators approach oversold conditions.
- Market participants are keenly observing if buyers can uphold the $1.10–$1.12 support zone and regain the $1.13 level; failing to do so could result in a decline towards $1.00, and possibly even the $0.80–$0.90 range.
Despite frequent buying attempts at critical support levels, XRP continues to lose these levels. The recent decline has pushed the token back toward the $1.10 area, which analysts have identified as a crucial support line, with selling pressure escalating once it breached $1.13.
Contextual Background
• Analysts have highlighted the $1.09 area as a significant Fibonacci support level that XRP has been nearing for several months.
• The cryptocurrency remains below its 100-day and 200-day moving averages, further emphasizing the prevailing bearish trend despite occasional upward movements.
• Trading activity surged during the recent selloff but quickly returned to normal levels, indicating a substantial repositioning event rather than a steady increase in bearish sentiment.
Price Movement Summary
• XRP's price fell from $1.1505 to $1.1248 within a 24-hour period, marking a loss of over 4%.
• The decline intensified after the price lost support near $1.13, with trading volume reaching 109.9 million XRP, more than double the daily average.
• XRP later tested support around $1.1240 before stabilizing towards the end of the session as selling momentum began to diminish.
Technical Insights
• The crucial development was the loss of support at $1.13, which has now become the primary resistance level for any recovery attempts.
• The volume confirmed the selloff, occurring during some of the highest activity seen in months, suggesting active liquidation and repositioning rather than mere passive weakness.
• Simultaneously, momentum indicators are approaching oversold territory, with daily RSI readings nearing levels that have historically led to at least short-term relief rallies.
• The overall structure remains bearish, with XRP continuing to trade within a descending channel and below all significant trend indicators monitored by long-term traders.
Key Observations for Traders
• The $1.10-$1.12 range is now the critical support area. A decisive break below this level would heighten the risk of a decline towards $1.00, potentially reaching the $0.80-$0.90 zone.
• The $1.13 level is the first target bulls need to reclaim to alleviate immediate downside pressure.
• Following that, attention will shift to the $1.20 level and then to the larger resistance zone of $1.35-$1.40, where previous recovery attempts have faltered.
• The price setup is becoming increasingly tight; buyers must defend the current support area convincingly, or XRP may face a more significant breakdown.