XRP slipped below the key $1.15 support level on June 10, 2026, putting an end to a streak of resilience at a prominent technical floor. The decline accelerated after the upward trendline—hovering near $1.1620 on the hourly chart—was breached downward, highlighting mounting selling pressure in the latest trading sessions.
Critical price thresholds emerge for XRP
After rebounding from a low of $1.05 earlier in the month, XRP quickly climbed as high as $1.1863. However, this momentum proved short-lived, and the asset lost ground again. XRP currently trades below its 100-hour simple moving average, underlining persistent pressure in the short-term outlook.
Over the past week, XRP registered an 8 percent loss, bringing its monthly decline to 19 percent. The asset’s market capitalization stands at $71.8 billion, with 24-hour trading volume reported at $2.17 billion.
For a recovery to gain momentum, bulls would need to reclaim the $1.135 and $1.142 levels in the short term. Regaining the $1.15 barrier could open the path toward $1.158 and $1.165, but significant resistance is clustered near $1.1840.
| Indicator | Level |
|---|---|
| Lost support | $1.15 |
| Initial resistances | $1,135 and $1,142 |
| Upside targets | $1,158 and $1,165 |
| Strong resistance | $1,1840 |
Analysts warn of continued downside risk
On the downside, the 61.8 percent Fibonacci retracement of the recent move is near $1.102, with the psychologically significant $1.10 mark emerging as the next prominent support. Should XRP close the day below this threshold, sellers are expected to target $1.08 and potentially revisit the $1.05 level.
Crypto analyst EGRAG Crypto noted that after peaking at $1.1860, XRP reversed course. According to EGRAG, price movements in the $1.19 to $1.25 range are likely; however, losing the $1.14 support would put the $1.10 region back in play. EGRAG Crypto is known for independent technical analysis commentary in the crypto market.
On the monthly timeframe, a close above $1.40 is essential to confirm the double bottom structure believed to have formed near $1.05; in contrast, weakness below $1.14 may pull the price back toward the $1.10 region, according to EGRAG Crypto’s assessment.
Market observer Ali Martinez emphasized that XRP is nearing its long-term ascending trendline, which has served as support throughout prior bull and bear cycles. If current supports fail, the zone between $0.70 and $0.90 could become a new area of demand for buyers.
Ali Martinez’s analysis stressed that if the long-term uptrend line is tested, the $0.70 to $0.90 range may offer a potential buying opportunity.
Technical signals and upcoming network upgrade in focus
Technical indicators confirm that selling pressure has yet to fully dissipate. The MACD remains below its signal line and the histogram stays in negative territory. The RSI sits at 32.83, hovering close to the oversold threshold of 30, which often signals weakened momentum.
Derivative markets have also cooled. Open interest on Bybit declined by 36 percent during the last correction, while Binance trading volumes fell below their 30-day average following the initial breakdown. According to analytics firm Santiment, XRP’s 30-day market value to realized value (MVRV) ratio is around minus 8 percent, indicating that most recent buyers are sitting on losses. Santiment is known for its on-chain analytics and market sentiment data.
Mini glossary: The MVRV ratio compares an asset’s market value to its realized value, reflecting investors’ average break-even price. A negative MVRV means most recent buyers are, on average, at a loss.
Observers pointed out the presence of two major sell walls between current price levels and $1.34, suggesting strong headwinds that may cap any short-term recovery attempts.
Meanwhile, the XRP Ledger 3.2.0 update is set to go live on June 15. The upgrade includes a rebrand of the core server software from ‘rippled’ to ‘xrpld’ and brings improvements such as reduced memory usage and enhanced operational performance. As the backbone of the XRP ecosystem, XRP Ledger serves as the foundational blockchain infrastructure.
