XRP has moved below the $1.15 support area, keeping short-term pressure on the market. The token rebounded from a monthly low of $1.05 earlier in June and briefly climbed to $1.1863, but the move faded quickly. Price action remains below the 100-hour simple moving average, a sign that sellers still control the near-term trend.
The latest figures in the source show XRP down nearly 8% over the past seven days, while its monthly loss has widened to 19%. Market capitalization stands at about $71.8 billion, and 24-hour trading volume is estimated at $2.17 billion. For buyers to regain momentum, XRP would need to reclaim resistance at $1.135 and $1.142. A move back above $1.15 could open the way toward $1.158 and $1.165, with a heavier resistance cluster sitting near $1.1840.
$1.10 now sits at the center of the short-term setup
On the downside, the source points to the 61.8% Fibonacci retracement of the recent move, located around $1.102. The $1.10 level has also become a psychological support zone. If XRP closes a day below that threshold, selling pressure could increase and push the price toward $1.08, with a possible retest of the $1.05 bottom still in view. This is a narrow area, but it matters. A failure there would weaken the structure even more.
Crypto analyst EGRAG Crypto said XRP reversed after reaching $1.1860. In his view, the $1.19 to $1.25 range remains important in the short term, while a break below $1.14 would likely send the token back toward the $1.10 area. He also said a monthly close above $1.40 would confirm a double-bottom pattern forming near $1.05.
Long-term trendline and the $0.70-$0.90 zone enter the discussion
Market analyst Ali Martinez said XRP is approaching its long-term ascending trendline, which served as a key support area in previous cycles. If that support fails, he sees the $0.70 to $0.90 range as a possible new demand zone. That view shifts the focus away from intraday moves and toward a broader support structure.
Momentum indicators still reflect weakness. The MACD remains below its signal line and its histogram stays in negative territory. XRP’s RSI is at 32.83, only slightly above the traditional oversold mark of 30. That reading shows stress in the market, though not a confirmed reversal.
Derivatives soften while XRPL 3.2.0 is scheduled for June 15
Conditions in derivatives markets also point lower. Open interest on Bybit fell 36% during the latest correction, and Binance trading volume dropped below its 30-day average after the initial decline. Santiment said XRP’s 30-day MVRV ratio is near -8%, indicating that most recent buyers are holding unrealized losses. The source also noted two major sell walls between the current price and $1.34, adding another obstacle for any recovery attempt.
Outside price action, the XRP Ledger 3.2.0 upgrade is set to go live on June 15. The update includes a rename of the main server software from rippled to xrpld, along with improvements aimed at lower memory usage and smoother performance. XRP Ledger remains the core blockchain infrastructure behind the XRP ecosystem.