Why is XRP holding above $1.10 important?

The $1.10 area has emerged as a key support level after XRP fell to its lowest price in four months. Buyers stepped in near $1.09, helping prevent a deeper decline and signalling that investors are willing to defend the current price range.

Why did XRP fall to a four-month low?

XRP's decline was part of a broader crypto market selloff driven by risk-off sentiment and profit-taking. The token dropped roughly 17% over the week before finding support and beginning a modest recovery.

Is XRP starting a new uptrend?

Not yet. Although XRP has bounced from recent lows, the token remains trapped within a descending channel and continues to form lower highs. Traders generally want to see a break above key resistance levels before confirming a trend reversal.

What do XRP exchange outflows suggest?

More than 25 million XRP reportedly left exchanges in recent days. Exchange outflows are often viewed as a sign of accumulation because investors typically move assets into private wallets when they intend to hold rather than sell.

Why are XRP ETF inflows important?

XRP-linked investment products attracted around $118 million in inflows during May, bringing cumulative inflows close to $1.4 billion. Continued institutional demand can help support prices even when short-term market sentiment remains weak.

What does the oversold RSI signal mean for XRP?

The Relative Strength Index (RSI) has reached one of its most oversold levels since before the November 2024 rally. This suggests selling pressure may be becoming exhausted, although oversold conditions alone do not guarantee a price rebound.

What are the key support levels for XRP right now?

The most important near-term support zone is between $1.13 and $1.14 following the latest recovery. Below that, traders are watching the $1.10 level closely, with a break potentially opening the door to a move towards $1.00.

Cryptocurrency

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XRP steadies above $1.10 after sharp selloff

Written by Jon CuthbertPublished Jun 8, 2026, 7:01 AM

XRP has rebounded from four-month lows after buyers stepped in around the $1.09 level, helping the token recover from one of its steepest declines of the year while broader market sentiment remains fragile.

The cryptocurrency gained roughly 1.6% during the latest session, climbing back towards $1.14 after a surge in trading activity pushed prices through resistance near $1.1350 during late trading hours.

Despite the recovery, XRP remains trapped within a descending channel that has defined its price action since the recent selloff, with the broader pattern of lower highs still intact.

Market data shows that more than 25 million XRP has left exchanges in recent days, extending a trend often associated with investor accumulation rather than imminent selling pressure.

Institutional demand has also remained relatively resilient, with XRP-linked exchange-traded products attracting approximately $118 million in inflows during May and cumulative inflows nearing $1.4 billion.

Technical indicators suggest selling momentum may be easing, with the relative strength index falling to one of its most oversold levels since before XRP's November 2024 rally, potentially signalling exhaustion among sellers.

Traders are now focused on support between $1.13 and $1.14 and resistance near $1.15, while a decisive move above $1.20 could indicate improving sentiment, whereas another break below $1.10 may increase the likelihood of a test of the psychologically important $1.00 level.

At the time of reporting, XRP price was $1.14.