XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows
XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.
XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows
XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.
XRP slid to its weakest levels in months amid liquidation-style selling, briefly breaking below $1.10 before dip buyers emerged near $1.09.
Despite roughly $4 million in fresh XRP ETF inflows and cumulative inflows near $1.5 billion, sentiment has soured as the token fell behind USDC in market value and the broader crypto Fear & Greed Index dropped into extreme fear.
Analysts see $1.09 to $1.10 as critical support and $1.12 to $1.13 as the first key recovery zone, with the broader trend still bearish until former support levels are convincingly reclaimed on stronger rebound volume.
• Market sentiment deteriorated sharply across crypto, with the Fear & Greed Index falling into extreme fear territory as traders reacted to broader macro uncertainty.
• XRP also slipped behind USDC in market capitalization rankings after the selloff pushed its value below $75 billion.
Price Action Summary
• XRP fell from $1.17 to $1.11 during the 24-hour session, touching lows near $1.09 before recovering slightly.
• The biggest move came during the June 5 06:00 UTC session, when volume surged to 268.2 million XRP and accelerated the breakdown.
• A failed rally toward $1.133 later reversed sharply, sending price to fresh lows before buyers stepped in near $1.10.
Technical Analysis
• The key takeaway is that support levels keep becoming resistance. What was a buying zone around $1.20-$1.25 just days ago is now where sellers are reappearing.
• The move below $1.10 briefly pushed XRP into one of the most oversold conditions seen in years, with weekly RSI readings reaching levels that historically appeared near major cycle lows.
• Even so, oversold does not automatically mean bullish. Markets can stay oversold for longer than traders expect, especially during liquidation-driven declines.
• The bounce from $1.09 showed signs of seller exhaustion, but recovery volume remained weaker than the selling that preceded it.
What traders should watch
• $1.09-$1.10 is now the most important support zone on the chart. Losing it would shift focus toward the $0.92 area highlighted by several analysts.
• $1.12-$1.13 becomes the first recovery zone XRP needs to reclaim before any stabilization narrative gains credibility.
• The broader trend remains bearish until XRP starts reclaiming former support levels rather than simply bouncing from oversold conditions.
• Traders looking for evidence of a durable bottom will likely want to see stronger volume on rebounds than on selloffs, something the market has not yet delivered.
