XRP breached the critical $1.15 support level on June 10, 2026, losing its footing in a zone that had underpinned recent trading sessions. The descent accelerated after the hourly chart’s ascending trendline—anchored around $1.1620—was broken, signaling renewed selling pressure.
Key price thresholds come into play
Having bounced from a low of $1.05 earlier in the month, XRP managed a swift rally up to $1.1863. However, this upward momentum proved fleeting as the asset quickly lost strength again. Trading below its 100-hour simple moving average, XRP remains under significant near-term pressure, highlighting ongoing bearish sentiment.
The past seven days have seen XRP shed around 8% of its value, deepening its monthly loss to 19%. The asset’s current market capitalization stands at $71.8 billion with a 24-hour trading volume recorded at $2.17 billion, reflecting notable market activity amid heightened volatility.
For the bulls to regain traction, XRP needs to reclaim the $1.135 and $1.142 resistance levels first. Should $1.15 be recaptured, attention may shift to potential targets at $1.158 and $1.165. Above these marks, the $1.1840 area is shaping up to be a heavy resistance zone that could cap further rallies.
| Indicator | Level |
|---|---|
| Broken support | $1.15 |
| Initial resistances | $1.135 and $1.142 |
| Upside targets | $1.158 and $1.165 |
| Major resistance | $1.1840 |
Analysts highlight persistence of downside risks
On the downside, the $1.102 area aligns with the 61.8% Fibonacci retracement level, making $1.10 a critical psychological and technical support zone. Should XRP record a daily close below this mark, analysts warn that selling pressure could intensify toward $1.08, with another test of the $1.05 lows possible if bearish momentum persists.
Independent crypto analyst EGRAG Crypto noted that XRP reversed direction after hitting a high at $1.1860. He suggests the $1.19 to $1.25 range remains critical in the near term, but losing hold of the $1.14 support would likely send the price back toward $1.10. Known for his technical insights, EGRAG Crypto is a well-followed figure in the market analysis community.
According to EGRAG Crypto, closing above $1.40 on a monthly basis would confirm the double-bottom pattern emerging near $1.05; conversely, a drop below $1.14 could see XRP returning to the $1.10 zone.
Market watcher Ali Martinez observed that XRP is approaching its long-term ascending trendline—a level that has historically provided support during both bull and bear cycles. If these supports fail, Martinez highlights the $0.70 to $0.90 range as a potential demand area for buyers to emerge.
Ali Martinez emphasized that a retest of the long-term ascending trendline could draw buyer interest between the $0.70 and $0.90 band, based on historical demand patterns.
Watching technical signals and network upgrade plans
A review of technical indicators shows that selling pressure remains unresolved. The MACD indicator is still beneath its signal line, with the histogram staying in negative territory. Meanwhile, the RSI reads at 32.83, hovering just above the traditional oversold threshold of 30, indicating continued vulnerability to further declines.
Weakness has also become evident in derivatives markets. Open interest on Bybit fell 36% during the recent correction, while Binance trading volume dropped below its 30 day moving average after the key breakdown. Data from analytics platform Santiment reveals that XRP’s 30 day market value to realized value ratio sits at minus 8%. This suggests most recent buyers are now in the red on their positions—echoing elevated pain points across the market. Santiment is known for its on-chain data analytics and market behavior tracking.
Mini glossary: MVRV ratio compares an asset’s current market value with the average cost basis of holders. A negative MVRV means most recent buyers are sitting on unrealized losses.
According to several market observers, the presence of two major sell walls between current prices and $1.34 could limit any short term rebound attempts. This technical setup might act as a barrier to bullish advances in the days ahead.
Looking forward, the XRP Ledger 3.2.0 upgrade is slated for deployment on June 15. This update will rename the core server software from rippled to xrpld, aiming for more efficient memory usage and improved operational performance. XRP Ledger is the foundational blockchain network for the XRP ecosystem.
