XRP (XRP) Price Analysis: Has the Downtrend Finally Reached Its Bottom?

Quick Summary

Table of Contents

XRP currently sits at $1.12, registering a 3.11% decline in the last 24 hours and an 8.91% drop across the past seven days
Technical analyst Egrag Crypto identifies a falling wedge formation, noting that a genuine breakout requires clearing the $1.66–$2.00 range before extended price objectives become relevant
Market analyst Diana suggests that a decisive push above $1.30 accompanied by robust trading volume would validate bullish momentum toward $1.65
Ali Charts highlighted that the Tom DeMark Sequential indicator has triggered a buy signal for XRP, hinting at a possible price recovery
Critical downside zones to monitor include $1.09, $0.90, and $0.86 should buying pressure fail to maintain present support levels

XRP finds itself at a pivotal support junction around $1.12, with market observers divided on whether buyers possess sufficient strength to defend this level or if additional declines lie ahead.

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XRP Price

At press time, XRP is changing hands at $1.12, reflecting a 3.11% loss throughout the previous 24-hour period. Trading volume has likewise contracted by 5.04%, registering $1.84 billion. Throughout the past week, the digital asset has declined 8.91%, based on CoinMarketCap data.

The asset experienced a pullback after being unable to sustain levels above $1.1550. Price action slipped through $1.1420 and penetrated below the 50% Fibonacci retracement calculated from the $1.050 swing low to the $1.1862 peak. XRP now trades beneath its 100-hourly Simple Moving Average.

Examining the hourly timeframe, a descending trend line has developed with resistance positioned at $1.120. This mark represents the initial obstacle bulls must overcome.

Critical Resistance Zones for Bullish Continuation

Should XRP manage upward momentum, the primary resistance barrier appears at $1.1350. A convincing breach above this threshold could pave the way toward $1.1420, followed by $1.1550. Additional overhead resistance exists at $1.1650 and $1.1840.

Market analyst Diana maintains close attention on the $1.25 region. Her assessment indicates XRP bounced from macro support positioned at $1.09 and is currently challenging the $1.20–$1.25 resistance band. She emphasizes that XRP must maintain ground above $1.12 and decisively break through $1.25–$1.30 with substantial volume to validate bullish strength.

🚨XRP APPROACHING $1.25 DECISION ZONE — BREAKOUT TO $1.65 OR FINAL DROP TO $0.90? 🤯🔥
After bouncing from the $1.09 macro support, $XRP is now attempting to build momentum toward the $1.20-$1.25 resistance area. 👀
✅ BULLISH:
If $XRP HOLDS above $1.12 and breaks through… https://t.co/HIjS19q6Ie pic.twitter.com/MphgsGhVnS
— Diana (@InvestWithD) June 9, 2026

According to Diana’s analysis, a successful push beyond $1.30 would establish a price objective around $1.65. Such a development would significantly reduce selling pressure stemming from the recent pullback.

Technical analyst Ali Charts shared on X that the Tom DeMark Sequential indicator has generated a buy signal for XRP, suggesting the possibility of a rebound from present price levels.

The Tom DeMark Sequential indicator has flashed a buy signal on $XRP, anticipating a potential rebound. pic.twitter.com/ZABEIx1VIW
— Ali Charts (@alicharts) June 10, 2026

Crypto analyst Egrag Crypto presented a comprehensive macro structure employing several analytical tools — Fibonacci circles, Fibonacci channels, Fibonacci extensions, and a falling wedge formation. His view is that XRP is consolidating within a significant Fibonacci timing cycle.

#XRP – Macro Confluence Is Building 🎯:
This chart is not about one single tool. It is about confluence.
We have multiple TA frameworks pointing toward the same macro decision zone:
▫️Fib Circles = timing + price rhythm
▫️Fib Channels = expansion path
▫️Fib Extensions = target… pic.twitter.com/DhfwuMzgHZ
— EGRAG CRYPTO (@egragcrypto) June 10, 2026

Downside Scenarios If Current Support Fails

Based on Egrag’s framework, a validated wedge breakout must first recapture the $1.66–$2.00 territory. Following that confirmation, he identifies potential upside objectives at $8.48, $13.70, $18.06, and $27.68 across different Fibonacci extension points. These projections depend on bullish confirmation.

Should the technical formation invalidate, Egrag designates $1.21, $0.90, and $0.60 as lower support zones.

Regarding bearish scenarios, if XRP cannot defend the $1.10 level, the subsequent major support exists near $1.080 — corresponding to the 76.4% Fibonacci retracement. A breakdown beneath $1.080 would expose $1.0650, then $1.050. Further below, $1.020 and the psychological $1.00 level emerge as potential targets.

A rejection near $1.25 could sustain the broader corrective phase, while a break below $1.09 might trigger a move toward the $0.90–$0.86 support zone.

The most significant price levels for XRP remain $1.09, $1.25, and $1.30. Currently, the asset hovers marginally above $1.10 support while the hourly trend line continues to restrict upward attempts at $1.120.