XRP Drops to Lows Near $1 Amid Heavy Selling Pressure

XRP has remained under pressure throughout June, losing more than 20% over the past month and extending its year-to-date decline to more than 40%. After trading relatively sideways between February and May, followed by a modest recovery in early June, renewed selling momentum across the broader cryptocurrency market pushed XRP back toward the $1.00 level by the end of the month.

With market sentiment still cautious amid macroeconomic uncertainty and geopolitical tensions, traders are now watching closely to see whether XRP can build a foundation for recovery or whether sellers will continue to dominate in the near term.

XRP technical analysis

XRPUSD - 1 Day Time Frame

At the time of writing, XRP is trading around $1.04, holding slightly above an important support level at approximately $1.02. This area marks a new low for 2026 and was last tested in November 2024, making it a key level that buyers may look to defend.

The nearest resistance is located around $1.13. This level acted as support in early June 2026 before turning into resistance following the recent sell-off. A sustained move above this area could improve the short-term technical outlook and suggest that buying momentum is gradually returning.

XRP price target

If XRP manages to reclaim the $1.13 resistance level and establish it as support, the next upside target could be around $1.35. This area previously served as a significant support zone between February and May 2026, and reclaiming it could strengthen the bullish case.

Should buyers continue to build momentum above $1.35, the next major resistance could emerge near $1.50, a level last reached in May 2026. While this represents a more optimistic scenario, it would likely require an improvement in overall cryptocurrency market sentiment alongside stronger buying activity.

On the downside, failure to hold the $1.02 support level could expose XRP to additional selling pressure and increase the likelihood of further weakness until a new support zone is established.

For now, XRP remains caught between a newly established support level and nearby resistance following an extended period of market weakness. Its next significant move will likely depend not only on its own technical structure but also on broader cryptocurrency market sentiment, macroeconomic developments, and geopolitical events that continue to influence investor confidence.

Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.