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Latest cryptocurrency news > RIPPLE (XRP) > XRP Faces Sharp Descent with Analysts Monitoring Critical Support Levels
RIPPLE (XRP)

XRP Faces Sharp Descent with Analysts Monitoring Critical Support Levels

BH NEWS
Last updated: 9 June 2026 11:31
BH NEWS 2 hours ago
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Contents
Will XRP Break Through the $1.00 Barrier?Is the $0.90 Zone a Buy Signal?

XRP sank to approximately $1.14, marking its lowest position in nearly 19 months. This fall reflects a significant decline of 68.5% from its all-time high of $3.65 reached in July 2025. The past seven days alone saw an 11.8% drop, adding to a broader monthly contraction of 18.9%, evidencing mounting selling pressure.

Will XRP Break Through the $1.00 Barrier?

The $1.00 level remains a crucial psychological line in the sand for traders, acting as a potential support base should XRP breach it. Historically, XRP has experienced significant downturns, four of which exceeded 40% in six-month spans over the last five years, with the current descent tallying at a 46% fall within a similar period.

Analysts suggest drawing from historical cycles, noting downturns generally last 400 to 790 days, with corrections from 85% to 96%. Presently, the latest bearish phase has extended nearly 350 days with a retracement of 71% from its peak in July 2025.

ChartNerd highlights that if past trends continue, a price bottom may form between $0.70 and $0.90 by year-end.

Is the $0.90 Zone a Buy Signal?

The $0.90 level has emerged as a key focal point for many in the market. According to Ali Martinez, the area between $0.90 to $1.00 could serve as an optimal accumulation zone for long-term investments, despite the prevailing bearish sentiment.

Past support at $1.27 switched to resistance, coupled with a 44% drop in trading volume during recovery attempts, hint at continued muted buyer interest. The Relative Strength Index (RSI) plummeted below 31, and the weekly MACD remains negative.

  • XRP’s current price: $1.14.
  • Previous support now resistance: $1.27.
  • Watch zone for potential accumulation: $0.90 to $1.00.

Large withdrawals of tokens from exchanges, amounting to over 25 million XRP, may indicate investor accumulation, while activity related to tokenized assets on the XRPL has declined. This decline is counterbalanced by a dramatic rise in stablecoin transaction volume on XRPL, surging by 118% to $4.5 billion.

The market’s eye is now on the U.S. CPI data release on June 10, 2026, a macroeconomic event poised to influence market dynamics further.

You can follow our news on Telegram and Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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