TLDR
- XRP dropped below $1.15 and the 100-hourly moving average after failing to hold $1.1620 support
- The MACD is bearish and the RSI is near oversold at 32.83, showing continued downside pressure
- Analyst EGRAG Crypto says a monthly close above $1.40 is needed to confirm a double bottom at $1.05
- If XRP loses $1.14 support, it could fall toward $1.10, $0.90, or even $0.80
- The XRP Ledger 3.2.0 update is scheduled for June 15, renaming the core server from rippled to xrpld
XRP slipped below $1.15 on June 10, 2026, failing to hold a key support level that had kept the price stable in recent sessions. The drop came after XRP broke through a bullish trend line on the hourly chart near $1.1620.
The token had recovered from a swing low of $1.05 earlier this month, reaching a high of $1.1863. But that recovery lost momentum quickly. XRP is now trading below the 100-hourly simple moving average, which is a short-term bearish sign.
Over the past seven days, XRP is down around 8%. Over the past month, it has fallen about 19%. Market cap stands near $71.8 billion, with daily trading volume at roughly $2.17 billion.
XRP Faces Key Resistance Levels
For any recovery, XRP first needs to clear $1.135 and $1.142. Getting back above $1.15 would open the door to $1.158 and $1.165. The next major resistance after that sits at $1.1840.
On the downside, the 61.8% Fibonacci retracement level sits near $1.102. Below that, $1.10 is the next key level. A close under $1.10 could push price down toward $1.08 and eventually back to the $1.05 swing low.
Analyst EGRAG Crypto noted that XRP reached $1.1860 before pulling back. He said: “Short-term target remains: $1.19–$1.25,” but added that losing $1.14 could send price back toward $1.10.
Analyst Ali Martinez said XRP may be approaching a long-term rising trend line that has held up across multiple market cycles. He placed a demand zone between $0.70 and $0.90 as a possible floor if current support fails.
$XRP has repeated the same pattern for 8 years…
And it might be about to do it again. https://t.co/aFHyt1Wdo1 pic.twitter.com/rIC8oMXBU1
— Ali Charts (@alicharts) June 9, 2026
Technical Indicators Still Bearish
The MACD remains below its signal line, with the histogram still negative. The RSI is sitting at 32.83, just above the oversold threshold of 30.
Bybit open interest fell 36% during the recent sell-off. Binance volume also dropped below its 30-day average shortly after the decline began, showing that traders are pulling back on leveraged positions.
Santiment data shows XRP’s 30-day MVRV near -8%, meaning most recent buyers are currently holding losses.
Two reported sell walls sit between current price and $1.34, which could slow any near-term recovery attempt.
The XRP Ledger 3.2.0 update is targeted for June 15. The update renames the core server software from rippled to xrpld and includes lower memory usage and performance improvements. Final benchmarks are still pending.
