XRP lost $1.0850 during Tuesday’s selloff, but failed to regain it. That leaves the token at the lower end of the June range, with buyers still defending the $1.05-$1.07 range but no longer pushing the price far enough to change the band. Each failed rejection earns $1 to look a little closer.
News background
• XRP traded lower alongside a broader crypto market pullback, with CD5 down nearly 3% as bitcoin and major tokens came under pressure.
• Analysts continue to frame the $1.05-$1.10 zone as a key area of support for XRP, with a break below it likely shifting attention towards the psychological $1 level.
• Long-term bulls still point to a multi-year descending wedge structure, but short-term price action continues to be defined by lower highs and repeated failed recoveries.
Summary of price action
• XRP fell from $1.1020 to $1.0708 during the 24-hour session, losing 2.8%.
• The main breakdown came at 13:00 UTC as volume increased to 117.26 million XRP pushing the price through support at $1.0850.
• Selling later brought XRP to an intraday low near $1.0446, before a modest recovery took the price back towards $1.07.
Technical Analysis
• The loss at $1.0850 moved this level from support to resistance, leaving buyers with another overhead level to claim back.
