On June 10, 2026, XRP dropped below the crucial $1.15 mark, breaking through a well-established support zone during recent trading. The breach of the ascending trend line near $1.1620 on the hourly chart sharply accelerated the decline, signaling fresh downward momentum.
Key price thresholds in focus
After recovering from an early-month low of $1.05, XRP briefly surged to $1.1863 but failed to maintain its gains and slid back, continuing to trade below its 100-hour simple moving average. This sustained pressure points to persistent short-term bearish sentiment.
XRP lost approximately 8% of its value over the past seven days, with its monthly drop reaching 19%. The asset’s market capitalization stands at $71.8 billion, while 24-hour trading volume is about $2.17 billion.
To regain upward momentum, XRP would first need to surpass the $1.135 and $1.142 resistance levels. Reclaiming $1.15 could open the door for a move toward $1.158 and $1.165, while a tougher resistance zone is seen near $1.1840.
| Indicator | Level |
|---|---|
| Broken support | $1.15 |
| Initial resistance | $1.135 and $1.142 |
| Upside targets | $1.158 and $1.165 |
| Major resistance | $1.1840 |
Analysts highlight persistent downside risk
On the downside, the 61.8% Fibonacci retracement level of the recent move sits near $1.102, matching the psychologically important $1.10 support. If XRP ends the day below this level, selling pressure could mount, with possible targets at $1.08 and a further retest of $1.05 in sight.
Crypto analyst EGRAG Crypto noted that after peaking at $1.1860, XRP reversed its direction. According to EGRAG, while the $1.19–$1.25 range still merits attention in the short term, a loss of the $1.14 support may drive the price back toward the $1.10 region. EGRAG Crypto is recognized for independent technical analysis in the crypto space.
According to EGRAG Crypto, a monthly close above $1.40 would confirm the double-bottom structure thought to have formed near $1.05. However, renewed weakness below $1.14 could draw the price back to the $1.10 zone.
Market analyst Ali Martinez pointed out that XRP is approaching its long-term ascending trend line. Martinez noted that this trend line provided support in previous bull and bear cycles. If current support levels fail, the $0.70–$0.90 range may serve as the next key demand zone.
Ali Martinez emphasized in his analysis that a retest of the long-term ascending trend line could make the $0.70–$0.90 band a critical area for renewed buying interest.
Technical signals and network upgrade ahead
Technical indicators continue to reflect ongoing selling pressure. The MACD remains below its signal line with a negative histogram, while the RSI hovers at 32.83, just above the frequently cited oversold threshold of 30.
Weakness is also evident in the derivatives market. Open interest on Bybit dropped by 36% during the correction, while Binance trading volume fell below its 30-day average after the initial breakdown. According to Santiment, XRP’s 30-day market value to realized value (MVRV) ratio is around minus 8%, suggesting that most recent buyers are currently at a loss. Santiment is known for its blockchain data and market behavior analytics.
Glossary: The MVRV ratio compares an asset’s market value to its realized value, i.e., the average purchase price of investors. A negative MVRV means recent buyers are, on average, sitting on losses.
Observers further note that two major sell walls exist between the current price and $1.34, which could limit upward movement in the event of any short-term recovery attempts.
Meanwhile, the XRP Ledger 3.2.0 upgrade is slated for launch on June 15. The update will rebrand the core server software from rippled to xrpld, promising lower memory usage and improved operational performance. The XRP Ledger serves as the foundational blockchain infrastructure for the XRP ecosystem.
