XRP Declines 2.8%, Weak Momentum Leaves $1 Support at Risk

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.