Sellers forced a breakdown through another key support level on elevated volume, while the ensuing bounce failed to reclaim the area needed to relieve downside pressure.
XRP slipped below $1.0850 during Tuesday’s selloff and has yet to recover that level. The token is now hovering near the bottom of its June range, with buyers continuing to defend the $1.05–$1.07 zone but lacking the momentum to shift the trend. With each unsuccessful rebound, the $1 mark comes increasingly into view.
News Background
• XRP moved lower alongside a broader crypto market decline, with the CD5 index falling nearly 3% as bitcoin and other major assets weakened.
• Analysts continue to view the $1.05–$1.10 band as a crucial support region. A decisive break below this range would likely turn focus toward the psychological $1 threshold.
• While longer-term bullish narratives point to a multi-year falling wedge formation, near-term price action remains dominated by lower highs and repeated failed rallies.
Price Action Summary
• XRP declined from $1.1020 to $1.0708 over the past 24 hours, a drop of 2.8%.
• The key move lower occurred around 13:00 UTC, when volume surged to 117.26 million XRP, driving price below the $1.0850 support level.
• Continued selling pressure pushed XRP to an intraday low near $1.0446 before a modest recovery lifted it back toward $1.07.
Technical Analysis
• The breakdown below $1.0850 has turned that level into resistance, creating another 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 reflect lower highs, with rallies stalling in the $1.073–$1.075 region before sellers re-emerge.
• XRP remains in a defensive setup as long as it trades below $1.0850 and continues to revisit the same support band.
What Traders Should Watch
• The $1.05–$1.07 zone remains immediate support; a break below it would bring $1.00 back into focus.
• $1.0850 is the first key level bulls need to reclaim to stabilize price action.
• $1.10 stands as the next resistance, with repeated rejections there likely to keep sellers in control.
• A sustained move above $1.10 would suggest the recent breakdown was a temporary shakeout rather than a trend shift.
