XRP slid below the pivotal 1.15 dollar support level on June 10, 2026, increasing bearish pressure and putting key technical thresholds in the spotlight. The breakdown of the ascending trend line, visible on the hourly chart at roughly 1.1620 dollars, acted as the main catalyst behind the accelerated decline in recent sessions.
Crucial price thresholds come into focus
XRP initially rebounded from the 1.05 dollar low earlier this month and briefly surged to 1.1863 dollars. However, this recovery was short lived, with the asset retreating once again. Trading below the 100 hour simple moving average pointed to continued downward pressure in the short term outlook.
XRP has declined about 8 percent over the past week, and its monthly losses now stand at 19 percent. The cryptocurrency’s market capitalization has dipped to 71.8 billion dollars, while 24 hour trading volume is approximately 2.17 billion dollars.
For a meaningful recovery to gain traction, XRP must first reclaim the 1.135 and 1.142 dollar levels. Regaining the 1.15 dollar area could push the price toward intermediate targets at 1.158 and 1.165 dollars, with a major resistance barrier looming around 1.1840 dollars.
| Indicator | Level |
|---|---|
| Broken support | 1.15 dollars |
| Initial resistances | 1.135 and 1.142 dollars |
| Upside targets | 1.158 and 1.165 dollars |
| Strong resistance | 1.1840 dollars |
Analysts emphasize ongoing downside risks
In a bearish scenario, the 61.8 percent Fibonacci retracement level from the latest move is located near 1.102 dollars, with the psychological 1.10 dollar mark emerging as the next significant support. Should the daily close fall below this line, analysts warn that renewed selling pressure could drag the price towards the 1.08 dollar area, and possibly prompt a retest of the 1.05 dollar bottom.
Crypto analyst EGRAG Crypto noted that XRP shifted direction after peaking at 1.1860 dollars. In his view, the short term range to watch remains between 1.19 and 1.25 dollars, but losing support at 1.14 dollars could send the price back to the 1.10 dollar region. EGRAG Crypto is known for his independent technical chart analyses in the market.
According to EGRAG Crypto, a monthly close above 1.40 dollars would confirm the double bottom pattern believed to have formed around 1.05 dollars; however, a drop below 1.14 dollars could draw the price back to the 1.10 dollar area.
Market analyst Ali Martinez highlighted XRP’s approach to a long term ascending trend line, which has previously served as support during past bull and bear market cycles. Martinez indicated that if the current supports cannot hold, the 0.70 to 0.90 dollar zone may become the next area of strong demand.
In Ali Martinez’s analysis, if XRP retests the long term ascending trend line, the 0.70 to 0.90 dollar band may present significant buying interest.
Technical indicators and network upgrade monitored
Technical signals continue to reflect persistent selling pressure. According to chart readings, the MACD indicator remains below its signal line while the histogram sits in negative territory. The RSI, registering at 32.83, hovers just above the traditionally oversold level of 30.
Weakness has also emerged in derivatives markets. On Bybit, open interest dropped by 36 percent during the recent decline. Binance trading volume also fell below its 30 day average after the breakdown. Data from Santiment shows XRP’s 30 day market value to realized value ratio stands at about negative 8 percent, suggesting most recent buyers are currently at a loss. Santiment is a renowned platform for on chain data and market sentiment analytics.
Mini glossary: The MVRV ratio compares an asset’s market capitalization to its realized value, which reflects the average cost basis of investors. A negative MVRV means the average recent buyer is underwater.
Market observers also highlighted two major sell walls positioned between the current price and the 1.34 dollar level. These barriers could act as headwinds and limit upside moves should a short term recovery attempt materialize.
Meanwhile, the XRP Ledger 3.2.0 network upgrade is set for launch on June 15. This release will change the name of the core server software from ‘rippled’ to ‘xrpld’ and promises lower memory consumption along with improved operational performance. The XRP Ledger forms the backbone of the XRP ecosystem’s blockchain infrastructure.
