XRP slides 2.8% as weak bounce keeps $1 support in focus
- XRP slid 2.8 percent to about $1.07, losing key support at $1.0850 and leaving the token near the lower end of its June trading range.
- Traders now see $1.05 to $1.07 as the critical support band, with a break lower likely to refocus attention on the psychological $1 level.
- Analysts say XRP remains in a defensive posture below $1.0850, and that bulls must reclaim $1.10 to show the latest breakdown was only a shakeout.
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.
Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.