XRP lost $1.0850 during Tuesday’s sell-off and then failed to regain it. This leaves the token near the lower end of its June range, with buyers still defending the $1.05-$1.07 area but no longer pushing the price far enough to change the band. Each missed bounce makes $1 seem a little closer.
News context
• 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 view the $1.05-$1.10 area as a key support zone for XRP, with a break below likely drawing attention towards the psychological $1 level.
• Longer-term bulls still point to a multi-year descending 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 breakdown occurred at 1:00 p.m. UTC, when volume surged to 117.26 million XRP and pushed the price up to support at $1.0850.
• Subsequent selling took XRP to an intraday low near $1.0446 before a modest rebound brought the price back towards $1.07.
Technical analysis
• The loss of $1.0850 moved this level from support to resistance, leaving buyers with another level of overhead to recoup.
