XRP slipped beneath the key $1.15 support level on June 10, 2026, losing a zone that had previously helped stabilize recent price action. The break of the upward trend line—visible around $1.1620 on the hourly chart—accelerated the decline, raising concerns among investors closely watching short-term movements.
Major thresholds define near-term outlook
After bouncing back from the $1.05 low seen earlier this month, XRP quickly climbed to $1.1863. However, the rally did not hold and the asset soon weakened again. Trading beneath the 100-hour simple moving average signals that downward pressure remains a dominant force in the short term.
XRP has lost nearly 8% in value over the past week, with monthly losses swelling to 19%. The token’s market capitalization sits around $71.8 billion, while its 24-hour trading volume is reported at $2.17 billion, highlighting ongoing volatility and active participation among traders.
For any meaningful rebound to take hold, XRP must first surpass the $1.135 and $1.142 resistance levels. Recovering and holding above $1.15 could bring targets of $1.158 and $1.165 back into play. A stronger resistance emerges near $1.1840, where sell orders are densely clustered.
| Indicator | Level |
|---|---|
| Breached support | $1.15 |
| Initial resistances | $1.135 and $1.142 |
| Upside targets | $1.158 and $1.165 |
| Strong resistance | $1.1840 |
Analysts warn that downside risk remains
In the event of further declines, the latest move’s 61.8% Fibonacci retracement is positioned near $1.102, marking a psychologically significant support zone at $1.10. Should the daily close fall below this level, increased selling pressure could drive prices toward $1.08, with another retest of the $1.05 support then likely.
Crypto analyst EGRAG Crypto points out that XRP reversed course after peaking at $1.1860. In their view, the $1.19 to $1.25 range is worth monitoring in the short run, but if the pivotal $1.14 support is lost, prices could revisit the $1.10 area. EGRAG Crypto is known for independent technical analysis within the market community.
In EGRAG Crypto’s analysis, a monthly close above $1.40 would confirm a double bottom structure thought to have formed around $1.05, whereas a drop below $1.14 may lead the price back toward the $1.10 region.
Market analyst Ali Martinez observes that XRP is approaching its long-term rising trend line, which has served as support during earlier bull and bear cycles. According to Martinez, if current supports fail, the next likely demand zone could be between $0.70 and $0.90 levels.
Ali Martinez emphasizes that if the long-term rising trend line is tested again, buyers could become active in the $0.70 to $0.90 band, which historically has marked a key accumulation area.
Technical signals and network upgrade in focus
Technical indicators suggest that selling pressure is far from dissipated. The MACD remains beneath its signal line and its histogram is still in negative territory. The RSI stands at 32.83, hovering just above the traditional oversold threshold of 30.
Weakness is also apparent in the derivatives market. Open interest on Bybit dropped by 36% during the recent pullback, while trading volume on Binance dipped below its 30-day average following the initial breakdown. Blockchain data provider Santiment reports that XRP’s 30-day market-value-to-realized-value ratio hovers around negative 8%, indicating that most recent buyers are in the red. Santiment is recognized for its on-chain analytics and behavioral data coverage.
Mini Glossary: The MVRV ratio compares an asset’s market value with the average purchase price of investors. A negative MVRV signals that recent buyers are, on average, underwater.
Observers note that XRP is currently facing two major sell walls on its way up to $1.34. This could act as a ceiling, limiting the token’s ability to stage a swift recovery in the days ahead.
Meanwhile, the XRP Ledger 3.2.0 upgrade is scheduled for rollout on June 15. This update includes a switch of the core server software’s name from rippled to xrpld and is set to introduce improvements such as reduced memory use and stronger operational performance. The XRP Ledger forms the foundational blockchain infrastructure of the XRP ecosystem.
