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XRP drops 4.5% as heavy selling breaks another support level
XRP lost the $1.13 area on elevated volume, leaving traders focused on whether the latest selloff marks a final washout or the start of a deeper move toward $1.00.
Jun 10, 2026, 5:24 a.m. 2 min read
What to know:
- XRP slid more than 4 percent to test support around $1.10–$1.12 after losing the key $1.13 level, where selling and trading volume sharply accelerated.
- The token remains in a broader bearish trend, trading inside a descending channel and below its 100-day and 200-day moving averages, even as momentum indicators approach oversold territory.
- Traders are watching whether buyers can defend the $1.10–$1.12 zone and reclaim $1.13, with a failure risking a drop toward $1.00 or even the $0.80–$0.90 area.
• XRP remains trapped below its 100-day and 200-day moving averages, underscoring the broader bearish trend despite periodic relief rallies.
• Trading activity surged during the selloff before quickly normalizing, suggesting a large repositioning event rather than a steady increase in bearish conviction.
Price Action Summary
• XRP fell from $1.1505 to $1.1248 during the 24-hour session, losing more than 4%.
• The breakdown accelerated after price lost support near $1.13, with volume surging to 109.9 million XRP, more than double the daily average.
