Ripple-linked token slides 2.8% as weak bounce keeps $1 support in focus

XRP lost $1.0850 during Tuesday’s selloff, then failed to win it back. That leaves the token sitting near the lower end of its June range, with buyers still defending the $1.05-$1.07 area but no longer pushing price far enough to change the tape. Every failed bounce makes $1 look a little closer.

News Background

• XRP traded lower alongside a broader crypto market pullback, with CD5 dropping nearly 3% as bitcoin and major tokens came under pressure.

• Analysts continue to frame the $1.05-$1.10 zone as a key support area for XRP, with a break below it likely shifting attention toward the psychological $1 level.

• Longer-term bulls still point to a multi-year falling wedge structure, but near-term price action remains defined by lower highs and repeated failed recoveries.

Price Action Summary

• XRP fell from $1.1020 to $1.0708 during the 24-hour session, losing 2.8%.

• The main breakdown came at 13:00 UTC, when volume surged to 117.26 million XRP and pushed price through support at $1.0850.

• Selling later drove XRP to an intraday low near $1.0446 before a modest rebound carried price back toward $1.07.

Technical Analysis

• The loss of $1.0850 shifted that level from support into resistance, leaving buyers with another overhead level to reclaim.