XRP has stabilized near $1.14, but the chart still points to unfinished downside risk. Data cited in the source article showed XRP trading around $1.14 on June 8, after falling from roughly $1.45 at the start of the month and briefly testing support near $1.10 during the broader crypto selloff. For the past two sessions, the token has moved mostly between $1.10 and $1.15, a pause that has yet to confirm any durable reversal.
$0.90 remains the key lower level on the weekly chart
Crypto analyst Ali Martinez said XRP could still fall toward $0.90 before a bottom is established. On the weekly timeframe, XRP is still trading inside a descending parallel channel that has contained price action since its 2025 peak near $3.80. The latest candle sits in the lower half of that formation, with nearby support around $1.13 and a deeper horizontal level near $0.90.
Momentum readings match that bearish setup. Weekly MACD remains below the zero line, and the signal line is still above the MACD line. The Aroon indicator also points in the same direction, with Aroon Down near 92.86% and Aroon Up around 14.29%. That combination suggests sellers are still in control on the larger trend, even if the market has paused after the latest slide.
Liquidation pockets below spot keep downside pressure alive
The 3-day XRP liquidation heatmap shows concentrated leverage sitting below current price between $1.08 and $1.05, with another notable liquidity pocket around $1.04. If price moves through those zones, it could trigger another round of forced selling before any stronger rebound attempt develops.
There is also liquidity above the market, clustered around $1.17 to $1.20. That leaves room for a short squeeze if XRP breaks out of the current consolidation band. Even so, the token would still need to reclaim $1.31 and then $1.50 to weaken the descending-channel structure in a meaningful way. Until those levels are recovered, the current move looks closer to post-selloff stabilization than a change in trend.
Macro pressure still weighs on altcoins
The weakness is not isolated to XRP. The source notes that Bitcoin had dropped toward the $60,000 area, while spot Bitcoin ETF outflows continued and stronger-than-expected U.S. labor data reduced expectations for Federal Reserve rate cuts. A firmer dollar and higher Treasury yields tend to pressure non-yielding assets, and leveraged altcoins often feel that stress more sharply during deleveraging phases.
Geopolitical tension added another layer. On June 8, WTI crude futures jumped more than 4% to above $94 per barrel. Higher oil prices raised concerns that inflation could stay sticky, making policy easing harder. Bitcoin did bounce briefly back toward the $62,000 to $63,000 range, but the Crypto Fear and Greed Index remained in Extreme Fear territory, showing sentiment had not fully recovered.
XRPL fundamentals improved, but price remains the near-term driver
There is one notable counterbalance to the weak chart. According to the source, XRP Ledger recorded about $1.5 billion in real-world asset inflows over the last 30 days, while Ethereum saw roughly $1.2 billion in outflows over the same period. XRPL’s RWA market capitalization also rose more than 124% in the first quarter, with tokenized assets reaching about $2.25 billion.
The article also cited Ripple’s RLUSD expansion through Wormhole as a step that improved liquidity options across multiple networks. Ripple has been pushing into tokenized securities, funds, and institutional assets as well. Even with those fundamentals, near-term trading is still driven by price levels: a weekly close below $1.10 could open the way to $1.05 first and then the $0.90 area, while a move back above $1.20 would ease immediate downside pressure. To seriously challenge the broader downtrend, XRP would still need a break above $1.50.