XRP Drops 2.8% as Tepid Rebound Puts $1 Support Under Pressure

Sellers pushed the price through another key support level on strong volume, while the subsequent rebound failed to retake the zone needed to reduce downside pressure.

XRP dropped below $1.0850 during Tuesday’s selloff and has not managed to recover that level. The token is now trading near the lower boundary of its June range, with buyers continuing to defend the $1.05–$1.07 region but lacking the strength to drive a meaningful reversal. With each weak bounce, the $1 level appears increasingly vulnerable.

News Background
• XRP declined alongside a broader crypto market pullback, as the CD5 index fell nearly 3% with bitcoin and other major tokens under pressure.

• Analysts continue to highlight the $1.05–$1.10 range as a critical support zone. A breakdown below this band could shift focus toward the psychological $1 level.

• While longer-term bulls still point to a multi-year falling wedge pattern, short-term price action remains characterized by lower highs and repeated failed recovery attempts.

Price Action Summary
• XRP fell from $1.1020 to $1.0708 over the past 24 hours, marking a 2.8% decline.

• The key breakdown occurred around 13:00 UTC, when trading volume surged to 117.26 million XRP, driving the price below the $1.0850 support level.

• Continued selling pressure later pushed XRP to an intraday low near $1.0446 before a modest rebound lifted it back toward $1.07.

Technical Analysis
• The drop below $1.0850 has flipped that level from support into resistance, adding another barrier for buyers to overcome.

• The rebound from the $1.04 zone lacked strength, with volume fading quickly and price failing to retest the breakdown area.

• Intraday price structure continues to show a pattern of lower highs, with rallies stalling around $1.073–$1.075 before sellers re-enter.

• XRP remains in a defensive posture as long as it trades below $1.0850 and continues revisiting the same support range.

What Traders Should Watch
• The $1.05–$1.07 zone serves as immediate support; a break below it would bring the $1.00 level back into focus.

• $1.0850 is the first key level bulls need to reclaim to stabilize the chart.

• $1.10 stands as the next resistance, and repeated failures there would likely keep downward pressure intact.

• A sustained move above $1.10 would indicate that the recent breakdown may have been a temporary shakeout.