XRP slipped below the $1.15 threshold on June 10, 2026, erasing a key support area that had been attracting traders’ attention in recent sessions. The swift drop gained momentum after a rising trendline around $1.1620 on the hourly chart was breached, triggering a wave of selling pressure.
Critical levels come into focus for XRP price action
After bouncing from a monthly low of $1.05 earlier in June, XRP managed to recover as high as $1.1863 in a brief surge. However, this upside was short lived as the cryptocurrency quickly lost steam. Notably, XRP has remained below its 100-hour simple moving average, indicating that bearish forces are still at play in the short term.
XRP has now recorded a 7-day loss of nearly 8 percent, with its monthly decline widening to 19 percent. The asset’s market capitalization stands at $71.8 billion, while its 24-hour trading volume is estimated at $2.17 billion.
To reignite bullish momentum, XRP must first reclaim the $1.135 and $1.142 resistance areas. Regaining foothold above $1.15 could bring $1.158 and $1.165 into play, with a larger resistance cluster waiting near $1.1840 in the event of a sustained rally.
| Indicator | Level |
|---|---|
| Broken support | $1.15 |
| Initial resistances | $1.135 and $1.142 |
| Upside targets | $1.158 and $1.165 |
| Strong resistance | $1.1840 |
Analysts warn of persistent downside risks
For the bears, the next key reference is the 61.8 percent Fibonacci retracement level of the recent move, which lies around $1.102. Psychologically, the $1.10 mark itself is now in the spotlight as fresh support. If the day closes beneath this threshold, selling could intensify toward $1.08, with the possibility of a retest of the $1.05 bottom looming ahead.
Crypto analyst EGRAG Crypto pointed out that XRP reversed course after peaking at $1.1860. In his view, the $1.19 to $1.25 zone will remain a key range to watch in the short term, but a breakdown below $1.14 would likely see price reverting to the $1.10 region. EGRAG Crypto has built a reputation for his independent technical chart analysis in the market.
According to EGRAG Crypto, a monthly close for XRP above $1.40 would confirm a double bottom pattern that appears to be forming near $1.05. Meanwhile, losing the $1.14 support could draw the price back to the $1.10 area.
Market analyst Ali Martinez noted that XRP is now approaching its long-term ascending trendline. According to Martinez, this line acted as an important support level in previous cycles for both bulls and bears. Should these supports fail, the $0.70 to $0.90 range may emerge as a fresh demand zone.
Ali Martinez’s analysis highlights that a revisit of the long-term uptrend line could see the $0.70 to $0.90 band become a prime area for buyer interest.
Technical signals and network upgrade in focus
Key technical indicators also point to the ongoing presence of selling pressure. The MACD remains below its signal line, with the histogram stuck in negative territory. RSI is currently measured at 32.83, hovering just above the traditionally oversold level of 30.
Weakness is also evident in the derivatives market. Open interest on Bybit dropped by 36 percent during the latest correction, while trading volume on Binance slipped below its 30-day average following the initial price drop. According to analytics firm Santiment, XRP’s 30-day market-value-to-realized-value (MVRV) ratio is near minus 8 percent, signaling that most recent buyers are underwater. Santiment is noted for its focus on on-chain data and tracking market sentiment.
Mini Glossary: The MVRV ratio compares an asset’s market cap with the realized value, reflecting holders’ average cost base. A negative MVRV indicates recent buyers are on average experiencing losses.
Observers have also noted two major sell walls between the current price and $1.34, suggesting ongoing challenges for any bullish recovery attempt in the near term.
Meanwhile, the XRP Ledger 3.2.0 upgrade is set to go live on June 15. The update will see the main server software renamed from rippled to xrpld and promises several enhancements for lower memory consumption and smoother operational performance. XRP Ledger remains the foundational blockchain infrastructure for the XRP ecosystem.
