XRP Drops Below $1.15 as 19% Monthly Slide Sparks Sell Pressure
XRP has fallen below the critical $1.15 level, erasing a key support zone on June 10, 2026. The sell-off accelerated after XRP broke under the uptrend line near $1.1620 and is trading below the 100-hour simple moving average.
Over the last month, XRP is down about 19% (with roughly 8% loss over the past week), while market cap is reported around $71.8B and 24-hour volume near $2.17B. For traders, near-term recovery resistance is seen around $1.135–$1.142, then $1.158–$1.165, with a higher ceiling near $1.1840.
Analysts highlight key downside zones for XRP. A 61.8% Fibonacci retracement sits near $1.102, followed by $1.10 and then $1.08. If selling persists, price could revisit the $1.05 lows. EGRAG Crypto targets a short-term range of $1.19–$1.25, but warns that a failure of $1.14 support could push XRP toward $1.10.
Momentum indicators remain weak: MACD is below its signal line and RSI is about 32.8 (near oversold). Bybit open interest reportedly fell 36% during the drop, and Binance volume slipped below its 30-day average. Santiment data shows XRP’s 30-day MVRV near -8%, implying many recent buyers are underwater.
A major catalyst is upcoming: the XRP Ledger 3.2.0 upgrade is scheduled for June 15, updating server software naming (rippled → xrpld) to improve performance and reduce memory use.
Bearish
This news is bearish for trading because XRP broke and then held below a widely watched level ($1.15), and multiple confirming indicators turned negative. The article cites weak momentum (MACD below signal, RSI near oversold), weakening derivatives positioning (open interest down ~36%), and deteriorating sentiment (30-day MVRV near -8% suggesting underwater recent buyers). These factors typically coincide with trend continuation rather than a quick reversal.
Historically, when a large support level fails and open interest drops while spot volume weakens, rallies often become corrective and sell rallies develop—especially if resistance zones are overhead ($1.135–$1.142, then $1.158–$1.165). Even with the June 15 XRP Ledger 3.2.0 upgrade as a potential longer-term catalyst, upgrades frequently act as a “headline” rather than immediate downside prevention if positioning is already de-risked.
Short-term implication: watch $1.10/$1.08 closely; a decisive close below $1.10 increases odds of a move toward the $1.05 area. Long-term implication: the upgrade may help network efficiency/performance, but for bulls to regain control they likely need XRP to reclaim $1.15 and then build acceptance above the next resistance bands.