Key Takeaways
- XRP breached the $1.15 threshold and fell beneath its 100-hour moving average following the breakdown of $1.1620 support
- Technical indicators signal continued bearish momentum with MACD negative and RSI hovering at 32.83 near oversold territory
- Crypto analyst EGRAG Crypto emphasizes that a monthly closing price above $1.40 is essential to validate the double bottom formation at $1.05
- Breaking below $1.14 could trigger further declines toward $1.10, with potential extensions to $0.90 or $0.80
- XRP Ledger version 3.2.0 is set to launch on June 15, featuring a core server rebrand from rippled to xrpld
On June 10, 2026, XRP experienced a notable decline beneath the $1.15 price point, surrendering a crucial support zone that had provided stability throughout recent trading sessions. This downward move materialized after the digital asset violated a rising trend line on the one-hour timeframe around the $1.1620 mark.
Following an earlier swing low at $1.05 this month, the cryptocurrency had staged a rebound that pushed prices to $1.1863. However, this upward trajectory quickly ran out of steam. Currently, XRP is positioned beneath its 100-hour simple moving average, presenting a concerning short-term technical signal for traders.
The past week has witnessed approximately 8% erosion in XRP’s value. Monthly performance reveals an even steeper 19% drawdown. The asset maintains a market capitalization hovering around $71.8 billion, accompanied by daily trading volumes of approximately $2.17 billion.
Critical Resistance Zones Ahead for XRP
Any meaningful bounce attempt will require XRP to reclaim the $1.135 and $1.142 levels initially. Successfully moving back above $1.15 would establish pathways toward $1.158 and $1.165. Beyond these hurdles, a significant resistance barrier awaits at $1.1840.
Regarding downside risk, the 61.8% Fibonacci retracement calculation points to support near $1.102. Should that fail, attention shifts to the psychological $1.10 level. A decisive breakdown through $1.10 could accelerate selling pressure toward $1.08 and potentially retest the $1.05 swing low established earlier.
Cryptocurrency analyst EGRAG Crypto observed XRP’s rally to $1.1860 before the subsequent pullback materialized. According to his assessment: “Short-term target remains: $1.19–$1.25,” while cautioning that failure to defend $1.14 could result in a retreat to $1.10.
Market analyst Ali Martinez suggested XRP may be nearing a multi-cycle rising trend line that has historically provided support. He identified a significant demand zone spanning $0.70 to $0.90 as a potential accumulation area should present support structures collapse.
Momentum Indicators Confirm Negative Bias
The Moving Average Convergence Divergence (MACD) continues trading beneath its signal line, with the histogram displaying negative values. Meanwhile, the Relative Strength Index registers 32.83, positioned precariously close to the oversold boundary at 30.
Bybit’s open interest contracted by 36% throughout the recent price decline. Similarly, Binance trading volumes dipped below their 30-day moving average soon after the selloff commenced, indicating reduced appetite for leveraged positions among market participants.
According to Santiment metrics, XRP’s 30-day Market Value to Realized Value (MVRV) ratio stands near -8%, suggesting the majority of recent purchasers are currently underwater on their positions.
Market observers have identified two substantial sell walls positioned between current price levels and $1.34, potentially creating headwinds for any immediate recovery efforts.
The anticipated XRP Ledger 3.2.0 upgrade is scheduled for deployment on June 15. This significant update transitions the core server software designation from rippled to xrpld while introducing optimizations for reduced memory consumption and enhanced performance metrics. Comprehensive benchmark testing remains ongoing ahead of the official release.
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