On June 10, 2026, XRP fell below the critical $1.15 level, losing a key support zone in its latest trading session. The decline accelerated after breaking below the uptrend line around $1.1620 on the hourly chart. According to market reports, the asset is also trading under its 100-hour simple moving average in the short term.
Key levels from the recent selloff
Earlier this month, XRP rebounded from a $1.05 low and managed to climb as high as $1.1863. However, this move proved fleeting, and bullish momentum quickly faded. Over the past week, XRP has lost around 8% of its value, and the monthly drop now stands at approximately 19%. The token’s market capitalization is reported at $71.8 billion, with 24-hour trading volume circulating near $2.17 billion.
If a recovery attempt materializes, resistance is expected near $1.135 and $1.142. Should XRP reclaim $1.15, the $1.158 and $1.165 regions could come into play, with a more formidable resistance waiting at $1.1840.
Market analyst EGRAG Crypto observed that after surging to $1.1860, XRP reversed direction. He set a short-term target between $1.19 and $1.25, warning that if the $1.14 support fails, the price could revisit the $1.10 level.
Where are the downside risks focused?
On the downside, the 61.8% Fibonacci retracement sits around $1.102, marking a critical support zone, with $1.10 acting as the next important line of defense. Should XRP close decisively below $1.10, $1.08 might come under pressure. Persistent selling could even drive the price back toward the $1.05 lows witnessed earlier this month.
Analyst Ali Martinez suggested that XRP may be approaching a long-term ascending trend line that has served as support through multiple market cycles. If current levels cannot hold, Martinez pointed to the $0.70 to $0.90 range as a potential demand zone worth monitoring.
Technical indicators and upcoming network upgrade
Technical indicators point to a weak short-term outlook. The MACD remains below its signal line with its histogram firmly in the negative, while the RSI reads at 32.83, hovering near the oversold threshold of 30. Meanwhile, Bybit reported that open interest dropped by 36% during the latest selloff, and Binance’s trading volume slipped below its 30-day average.
According to Santiment data, XRP’s 30-day Market Value to Realized Value (MVRV) ratio remains nearly minus 8%. This suggests that the majority of recent buyers are currently sitting on paper losses. In addition, there are two major sell walls between the current price and $1.34, which could hamper any near-term recovery efforts.
Looking ahead, the XRP Ledger’s 3.2.0 upgrade is scheduled for deployment on June 15. Widely recognized as an open-source blockchain connected to the Ripple ecosystem, the network will change its core server software name from “rippled” to “xrpld” with the update, aiming for reduced memory consumption and improved performance.
Glossary: The MVRV ratio compares the market value to the price at which investors last moved their holdings. A negative ratio indicates that, on average, recent buyers are under water on their positions.
