XRP drops 4.5% as heavy selling breaks another support level

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailXRP drops 4.5% as heavy selling breaks another support levelXRP lost the $1.13 area on elevated volume, leaving traders focused on whether the latest selloff marks a final washout or the start of a deeper move toward $1.00.By Shaurya Malwa Jun 10, 2026, 5:24 a.m. 2 min readMake preferred on What to know: XRP slid more than 4 percent to test support around $1.10–$1.12 after losing the key $1.13 level, where selling and trading volume sharply accelerated.The token remains in a broader bearish trend, trading inside a descending channel and below its 100-day and 200-day moving averages, even as momentum indicators approach oversold territory.Traders are watching whether buyers can defend the $1.10–$1.12 zone and reclaim $1.13, with a failure risking a drop toward $1.00 or even the $0.80–$0.90 area.XRP keeps finding buyers near major support, but it keeps losing support anyway. The latest drop pushed the token back toward the same $1.10 area that several analysts had flagged as a key line in the sand, with selling pressure accelerating once $1.13 gave way.News Background• Several analysts pointed to the $1.09 area as a major Fibonacci support level that XRP had been approaching for months.• XRP remains trapped below its 100-day and 200-day moving averages, underscoring the broader bearish trend despite periodic relief rallies.• Trading activity surged during the selloff before quickly normalizing, suggesting a large repositioning event rather than a steady increase in bearish conviction.Price Action Summary• XRP fell from $1.1505 to $1.1248 during the 24-hour session, losing more than 4%.• The breakdown accelerated after price lost support near $1.13, with volume surging to 109.9 million XRP, more than double the daily average.• XRP later tested support near $1.1240 before stabilizing into the close as selling momentum began to fade.Technical Analysis• The most important development was the l…

XRP drops 4.5% as heavy selling breaks another support level

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