XRP slides 2.8% as weak bounce keeps $1 support in focus

$XRP lost $1.0850 during Tuesday’s selloff, then failed to win it back. That leaves the token sitting near the lower end of its June range, with buyers still defending the $1.05-$1.07 area but no longer pushing price far enough to change the tape. Every failed bounce makes $1 look a little closer.

News Background

• $XRP traded lower alongside a broader crypto market pullback, with CD5 dropping nearly 3% as bitcoin and major tokens came under pressure.

• Analysts continue to frame the $1.05-$1.10 zone as a key support area for $XRP, with a break below it likely shifting attention toward the psychological $1 level.

• Longer-term bulls still point to a multi-year falling wedge structure, but near-term price action remains defined by lower highs and repeated failed recoveries.

Price Action Summary

• $XRP fell from $1.1020 to $1.0708 during the 24-hour session, losing 2.8%.

• The main breakdown came at 13:00 UTC, when volume surged to 117.26 million $XRP and pushed price through support at $1.0850.

• Selling later drove $XRP to an intraday low near $1.0446 before a modest rebound carried price back toward $1.07.

Technical Analysis

• The loss of $1.0850 shifted that level from support into resistance, leaving buyers with another overhead level to reclaim.

• The bounce from the $1.04 area was weak. Price recovered, but volume faded quickly and $XRP failed to challenge the breakdown zone.

• The intraday chart continues to show lower highs, with rallies stalling near $1.073-$1.075 before sellers step back in.

• $XRP remains stuck in a defensive structure as long as it trades below $1.0850 and keeps revisiting the same support band.

What traders should watch

• $1.05-$1.07 is the immediate support zone. Losing it would put $1.00 back in focus.

• $1.0850 is the first recovery level bulls need to reclaim before the chart starts to stabilize.

• $1.10 remains the next resistance area, with failed retests there likely to keep sellers in control.

• A move back above $1.10 would suggest the latest breakdown was another shakeout.