XRP (XRP) Price: Critical Support Level Could Determine Next Major Move

Key Takeaways

• XRP breached critical support at $1.15 and fell below its 100-hourly moving average following a breakdown from $1.1620
• Technical indicators show bearish momentum with MACD negative and RSI hovering near oversold territory at 32.83
• EGRAG Crypto emphasizes that XRP must close above $1.40 on the monthly timeframe to validate a double bottom pattern at $1.05
• Downside risk remains significant, with potential declines toward $1.10, $0.90, or as low as $0.80 if $1.14 support fails
• XRP Ledger version 3.2.0 is set to launch June 15, featuring the rebranding of rippled to xrpld along with performance enhancements

XRP experienced a notable decline below the $1.15 threshold on June 10, 2026, surrendering a crucial support zone that had provided stability during previous trading sessions. The downward movement followed a breakdown through an ascending trend line visible on the hourly timeframe around the $1.1620 mark.

Following a rebound from a local bottom of $1.05 recorded earlier in the month, the cryptocurrency climbed to $1.1863 before momentum deteriorated. Currently, XRP is positioned beneath the 100-hourly simple moving average, signaling near-term weakness in the price structure.

The digital asset has shed approximately 8% over the trailing week. Monthly losses have accumulated to roughly 19%. The token’s market capitalization currently hovers around $71.8 billion, while 24-hour trading volume registers at approximately $2.17 billion.

Critical Resistance Zones Define Recovery Path

Any meaningful price recovery requires XRP to overcome initial barriers at $1.135 and $1.142. Reclaiming the $1.15 level would establish a foundation for targeting $1.158 and $1.165. Beyond these levels, a significant resistance cluster awaits near $1.1840.

Regarding downside risk, the 61.8% Fibonacci retracement from recent price action is positioned near $1.102. The psychological $1.10 level represents the next critical support. A daily close beneath $1.10 would likely trigger further selling pressure toward $1.08, potentially retesting the $1.05 swing low.

Crypto analyst EGRAG Crypto observed that XRP topped out at $1.1860 before reversing course. His analysis indicates: “Short-term target remains: $1.19–$1.25,” while cautioning that a breakdown below $1.14 would likely redirect price action back toward $1.10.

Market analyst Ali Martinez highlighted that XRP may be approaching a long-term ascending trend line that has provided support throughout multiple bull and bear cycles. His analysis identifies a demand zone spanning $0.70 to $0.90 as a potential accumulation area should current support levels fail to hold.

Indicators Point to Continued Selling Pressure

The Moving Average Convergence Divergence (MACD) continues to trend below its signal line, with the histogram displaying negative values. Meanwhile, the Relative Strength Index stands at 32.83, hovering just above the traditional oversold reading of 30.

Open interest on Bybit contracted by 36% throughout the recent price correction. Trading volume on Binance similarly declined below its 30-day moving average following the initial breakdown, suggesting reduced appetite for leveraged exposure.

Data from Santiment reveals XRP’s 30-day Market Value to Realized Value ratio standing near -8%, indicating that the majority of recent purchasers are currently underwater on their positions.

Market observers have identified two substantial sell walls positioned between the current price level and $1.34, potentially creating resistance that could impede any near-term rebound efforts.

The scheduled XRP Ledger 3.2.0 upgrade is planned for deployment on June 15. This update includes the rebranding of the core server software from rippled to xrpld, accompanied by optimizations for reduced memory consumption and enhanced operational performance. Complete performance benchmarks remain under evaluation.

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