XRP is no longer trying to hold $1.20; the market is now focused on whether $1.10 can stay intact. The latest drop came with unusually heavy volume, a pattern more consistent with forced liquidations than orderly selling. After the token was pushed to its weakest levels in months, dip buyers finally appeared near $1.09, producing only a modest rebound.
XRP fell from $1.17 to $1.11 in one 24-hour session
During the latest 24-hour stretch, XRP dropped from $1.17 to $1.11 and briefly traded near $1.09. The sharpest move came in the June 5 06:00 UTC session, when volume surged to 268.2 million XRP and the breakdown accelerated. A later recovery attempt toward $1.133 failed quickly, and price rolled over again before buyers stepped in around $1.10.
ETF inflows returned, but market sentiment worsened
XRP-related ETFs still saw about $4 million in inflows after posting their first daily outflow in three weeks. That brought cumulative inflows to roughly $1.5 billion. Even so, the broader crypto market turned sharply weaker. The Fear & Greed Index fell into extreme fear territory as traders reacted to macro uncertainty, and the selloff pushed XRP’s market capitalization below $75 billion, leaving it behind USDC in the rankings.
Former support has turned into resistance
The technical shift is straightforward. Levels that acted as a buying zone around $1.20 to $1.25 only days ago are now attracting sellers. The move below $1.10 briefly sent XRP into one of its most oversold conditions in years, with weekly RSI readings reaching levels that historically appeared near major cycle lows.
That does not automatically make the setup bullish. In liquidation-driven declines, oversold conditions can persist longer than traders expect. The rebound from $1.09 hinted at some seller exhaustion, but recovery volume remained lighter than the selling volume that came before it, leaving the bounce on weaker footing.
$1.09 to $1.10 is now the key support zone
The most important area on the chart is now $1.09 to $1.10. If that range breaks, attention could shift toward the $0.92 area cited by several analysts. On the upside, $1.12 to $1.13 has become the first recovery zone XRP needs to reclaim before any stabilization argument starts to gain traction.