XRP Price Action: Critical Support Level Could Determine Next Major Move

Key Takeaways

• XRP breached the $1.15 threshold and fell beneath the 100-hour moving average following the loss of $1.1620 support zone
• Technical indicators show bearish momentum with MACD negative and RSI approaching oversold territory at 32.83
• Market analyst EGRAG Crypto emphasizes that a monthly closing price above $1.40 is crucial to validate the double bottom formation at $1.05
• Breaking below $1.14 could trigger further declines toward $1.10, with potential extension to $0.90 or $0.80
• XRP Ledger version 3.2.0 upgrade set for June 15 will rebrand the core server from rippled to xrpld

On June 10, 2026, XRP tumbled beneath the $1.15 mark, surrendering a crucial support zone that had provided stability during previous trading sessions. This decline materialized after the digital asset penetrated a bullish trend line formation on the hourly timeframe around the $1.1620 level.

XRP Price

The cryptocurrency had bounced from a swing bottom of $1.05 earlier during the current month, climbing to a peak of $1.1863. However, this upward movement quickly ran out of steam. XRP currently trades beneath its 100-hour simple moving average, signaling short-term bearish sentiment.

Throughout the previous week, XRP has declined approximately 8%. Over a 30-day period, the asset has surrendered roughly 19% of its value. The market capitalization hovers around $71.8 billion, accompanied by daily trading activity of approximately $2.17 billion.

Critical Resistance Zones Ahead for XRP

Any potential bullish reversal requires XRP to initially surpass $1.135 and $1.142. Breaking above the $1.15 threshold would create opportunities for advancement toward $1.158 and $1.165. The subsequent significant resistance barrier is positioned at $1.1840.

Source: TradingView

Regarding downside targets, the 61.8% Fibonacci retracement sits around $1.102. Beneath this level, $1.10 represents the next critical support. A decisive close under $1.10 may drive prices toward $1.08, with potential continuation back to the $1.05 swing bottom.

Market analyst EGRAG Crypto observed that XRP achieved $1.1860 before reversing course. His assessment states: “Short-term target remains: $1.19–$1.25,” while cautioning that failure to maintain $1.14 might drive prices back toward $1.10.

Analyst Ali Martinez suggested XRP could be nearing a long-term ascending trend line that has provided support throughout several market cycles. He identified a demand area spanning $0.70 to $0.90 as a potential support floor should current levels fail.

Bearish Technical Signals Persist

The MACD indicator continues trading beneath its signal line, accompanied by negative histogram readings. The RSI currently registers 32.83, hovering just above the oversold benchmark of 30.

Bybit’s open interest contracted by 36% throughout the recent downturn. Binance trading volume similarly declined below its 30-day moving average shortly following the price drop, indicating traders are reducing leveraged exposure.

Data from Santiment reveals XRP’s 30-day Market Value to Realized Value ratio near -8%, suggesting most recent purchasers are experiencing unrealized losses.

Two substantial sell walls reportedly exist between the current price level and $1.34, potentially hampering any immediate recovery efforts.

The XRP Ledger 3.2.0 upgrade is scheduled for deployment on June 15. This update transitions the core server software nomenclature from rippled to xrpld while introducing reduced memory consumption and enhanced performance capabilities. Comprehensive benchmarking results remain forthcoming.

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