XRP lost $1.0850 during Tuesday’s sell-off and then failed to recover it. That leaves the token near the lower end of its June range, with buyers still defending the $1.05 to $1.07 area, but no longer pushing the price up enough to turn the tape. Each failed bounce makes $1 seem a little closer.
News background
• XRP traded lower alongside a broader crypto market pullback, with CD5 falling 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, and a break below it will likely shift attention towards the $1 psychological level.
• Long-term bulls are still targeting a multi-year falling wedge structure, but short-term price action remains defined by lower highs and repeated failed rallies.
Price Action Summary
• XRP fell from $1.1020 to $1.0708 during the 24-hour session, losing 2.8%.
• The main crash occurred at 13:00 UTC, when volume increased to 117.26 million XRP and pushed the price through the $1.0850 support.
• Subsequent selling took XRP to an intraday low near $1.0446 before a modest bounce took the price back to $1.07.
Technical analysis
• The loss of $1.0850 moved that level from support to resistance, leaving buyers with another higher level to recover from.
