XRP Price Slides 2.8% as Weak Bounce Keeps $1 Support in Focus

XRP, the Ripple-linked token, slid 2.8% to about $1.07, losing key support at $1.0850 and leaving the token near the lower end of its June trading range. The recovery failed to reclaim the zone that would ease downside pressure, with sellers breaking another support level on heavy volume.

Traders now see $1.05 to $1.07 as the critical support band, with a break lower likely to refocus attention on the psychological $1 level. Analysts say XRP remains in a defensive posture below $1.0850, and that bulls must reclaim $1.10 to show the latest breakdown was only a shakeout.

XRP lost $1.0850 during Tuesday's selloff, then failed to win it back. That leaves the token sitting near the lower end of its June range, with buyers still defending the $1.05-$1.07 area but no longer pushing price far enough to change the tape. Every failed bounce makes $1 look a little closer.

The main breakdown came at 13:00 UTC, when volume surged to 117.26 million XRP and pushed price through support at $1.0850. Selling later drove XRP to an intraday low near $1.0446 before a modest rebound carried price back toward $1.07.

The loss of $1.0850 shifted that level from support into resistance, leaving buyers with another overhead level to reclaim. The bounce from the $1.04 area was weak. Price recovered, but volume faded quickly and XRP failed to challenge the breakdown zone.

The intraday chart continues to show lower highs, with rallies stalling near $1.073-$1.075 before sellers step back in. XRP remains stuck in a defensive structure as long as it trades below $1.0850 and keeps revisiting the same support band.

In the broader crypto market, Bitcoin and major tokens came under pressure, with CD5 dropping nearly 3%. Analysts continue to frame the $1.05-$1.10 zone as a key support area for XRP, with a break below it likely shifting attention toward the psychological $1 level.

Longer-term bulls still point to a multi-year falling wedge structure, but near-term price action remains defined by lower highs and repeated failed recoveries. As the market reacts to the latest price movements, institutional investors are closely watching the $1 support level, with a potential break lower potentially leading to increased market volatility.

The market reaction to XRP's price slide has been mixed, with some investors viewing the weak bounce as a buying opportunity, while others are taking a more cautious approach. The institutional impact of XRP's price movement is also being closely watched, with some investors potentially looking to increase their exposure to the token if the $1 support level holds.