Sellers pushed XRP through another key support level on elevated volume, while the ensuing rebound failed to recover the zone needed to ease downside momentum.
XRP broke below $1.0850 during Tuesday’s selloff and has yet to reclaim that level. The token is now trading near the lower boundary of its June range, with buyers still defending the $1.05–$1.07 area but lacking the strength to drive a meaningful reversal. Each failed bounce brings the $1 level further into focus.
News Background
• XRP moved lower alongside a broader crypto market downturn, with the CD5 index falling nearly 3% as bitcoin and other major assets weakened.
• Analysts continue to highlight the $1.05–$1.10 range as a critical support zone. A decisive break below this band could shift attention toward the psychological $1 mark.
• While longer-term bulls point to a multi-year falling wedge structure, short-term price action remains dominated by lower highs and repeated failed recoveries.
Price Action Summary
• XRP declined from $1.1020 to $1.0708 over the past 24 hours, marking a 2.8% loss.
• The primary breakdown occurred around 13:00 UTC, when trading volume surged to 117.26 million XRP, driving price below the $1.0850 level.
• Continued selling pressure pushed XRP to an intraday low near $1.0446 before a modest rebound lifted it back toward $1.07.
Technical Analysis
• The break below $1.0850 has flipped that level into resistance, creating an additional hurdle for buyers.
• The bounce from the $1.04 area lacked conviction, with volume fading quickly and price unable to retest the breakdown zone.
• Intraday structure continues to show lower highs, with rallies stalling near $1.073–$1.075 before sellers step back in.
• XRP remains in a defensive trend as long as it trades below $1.0850 and continues revisiting the same support band.
What Traders Should Watch
• The $1.05–$1.07 zone is immediate support; a break below it would bring $1.00 back into focus.
• $1.0850 is the first recovery level bulls must reclaim to stabilize price action.
• $1.10 remains the next resistance, with repeated failures there likely to keep sellers in control.
• A sustained move above $1.10 would suggest the latest breakdown was likely a temporary shakeout.
