XRP Drops 2.8% as Market Pressure Drives Token Below Key Support
XRP falls 2.8 percent to approximately $1.07 after losing support at $1.0850, as reported by CoinDesk. Traders highlight the $1.05 to $1.07 range as critical, while broader market trends exert downward pressure on the token.
XRP has decreased by 2.8 percent, settling at around $1.07, after losing a critical support level at $1.0850. This decline positions the token near the lower end of its trading range for June 2026, with traders now closely monitoring the $1.05 to $1.07 zone as the next vital support area.
During a recent sell-off on June 25, XRP dropped sharply, with trading volume surging to over 117 million XRP by 13:00 UTC. This spike in volume contributed to XRP losing the $1.0850 support and briefly hitting an intraday low of approximately $1.0446, before a modest recovery brought it back near the $1.07 mark. Analysts suggest that with each failed recovery, the $1.00 psychological level appears to be approaching, increasing concerns among traders.
Currently, analysts frame the $1.05 to $1.10 range as a significant support threshold for XRP. Following the breakdown below $1.0850, that level has shifted from support to resistance, complicating recovery efforts for buyers. The broader market sentiments also indicate that XRP is following a general downward trend, as other cryptocurrencies, including major tokens like Bitcoin, experience declines. A return above $1.10 is deemed necessary for bulls to indicate that the recent price movements represent merely a shakeout rather than a sustained downturn.
What traders should focus on moving forward includes the immediate support range of $1.05-$1.07. If XRP is unable to maintain this level, attention could shift back downwards toward $1.00. The recovery point at $1.0850 will be critical for bulls if they aim to stabilize the price action and avoid further declines. Thus, monitoring resistance levels will be essential for any potential bullish momentum.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jun 25, 2026. SolanaWire does not republish source content.
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