XRP steadies above $1.10 as oversold bounce meets lingering bearish pressure

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP steadies above $1.10 as oversold bounce meets lingering bearish pressure XRP recovered from four-month lows on elevated volume, but the token remains trapped below key resistance levels even as ETF inflows and exchange outflows continue to build. By Shaurya Malwa Jun 8, 2026, 6:06 a.m. 2 min read Make preferred on What to know : XRP has stabilized after a sharp sell-off, with buyers defending the $1.09 area but the token still trading within a broader downtrend. Heavy exchange outflows and steady ETF inflows suggest accumulation beneath the surface even as price action looks more like bottom-fishing than a new rally. Traders are watching support around $1.13 to $1.14 and resistance near $1.15 to $1.20 as key levels that could signal either further downside toward $1.00 or the start of a repair in sentiment. XRP finally found buyers after one of its sharpest selloffs of the year, but the recovery looks more like stabilization than a trend change. The token bounced from levels last seen before the November 2024 breakout, yet every rally is still running into sellers, leaving XRP stuck between deeply oversold conditions and a market that hasn't stopped de-risking. News Background • More than 25 million XRP left exchanges in recent days, extending a trend that typically points to accumulation rather than immediate selling. • XRP-linked ETF products continued attracting capital, with roughly $118 million in inflows recorded during May and cumulative inflows approaching $1.4 billion. • Analysts and forecasting models increasingly view the $1.10-$1.20 area as a potential stabilization zone after XRP's recent 17% weekly decline. Price Action Summary • XRP gained 1.6% over the session, recovering from lows near $1.09 and climbing back toward $1.14. • The strongest move came during the 22:00 UTC session, when volume surged to 145.3 million XRP and pushed price through resistance near $1.1350. • Momentum faded into the close, with XRP slipping from $1.1488 to $1.1386 before buyers stepped back in near support. Technical Analysis • The bigger story is that XRP remains trapped inside a descending channel despite the bounce. The recovery eased immediate downside pressure but did not break the broader pattern of lower highs. • The RSI has fallen to one of its most oversold readings since before the November 2024 rally, a sign that selling may be becoming exhausted. • Exchange outflows and ETF inflows continue to point toward accumulation beneath the surface, but price action still resembles a market trying to find a floor rather than one beginning a new uptrend. • The bounce from $1.09 matters because it showed buyers are willing to defend the area, though follow-through buying remains limited. What traders should watch • $1.13-$1.14 is now the key near-term support zone after the latest recovery. • $1.15 remains the first meaningful resistance level and the upper boundary of the current descending channel. • A move above $1.20 would be the first sign that XRP is starting to repair the damage from the recent selloff. • If support near $1.10 fails again, traders are likely to focus on whether the psychologically important $1.00 level becomes the next downside target. More For You Bitcoin pump to $63,700 triggers the most short liquidations since late April By Shaurya Malwa 14 minutes ago Traders betting against bitcoin lost $504 million over 24 hours as it bounced from below $60,000, though a fresh Iran-Israel flare-up pulled prices back on Monday. What to know : Bitcoin’s sharp rebound from last week’s lows triggered about $504 million in losses for short sellers over 24 hours, the largest daily hit since late April. Total crypto liquidations reached roughly $655 million and affected more than 104,000 traders, with bitcoin and ether positions accounting for the bulk of forced... Read full story Latest Crypto News Bitcoin pump to $63,700 triggers the most short liquidations since late April 14 minutes ago Major cryptocurrencies under pressure as oil jumps 3% 59 minutes ago Bitcoin falls back below $63,000 as Iran-Israel trade strikes and Korean stocks crash 1 hour ago A quick review of the Ways and Means tax bills: State of Crypto 9 hours ago Michael Saylor revives bitcoin-buy speculation as scrutiny over Strategy grows 12 hours ago Bitcoin near $60,000 today vs February: Institutional sentiment has flipped 13 hours ago Top Stories Satoshi-era bitcoin at center of $285 billion lawsuit moves after 14 years Jun 6, 2026 America’s largest banks are building a new digital currency network to stop a massive deposit drain Jun 6, 2026 A massive hiring wave reveals trading firms are no longer viewing Polymarket as a niche betting tool Jun 6, 2026 Why diehard bitcoin purists aren’t sweating the massive price crash that wiped out $200 billion Jun 5, 2026