XRP 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. Jun 10, 2026, 5:24 a.m. 2 min readMake preferred on 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 loss of $1.13 support, which now becomes the first resistance level on any recovery attempt.• Volume confirmed the move. The selloff occurred on some of the strongest activity seen in months, suggesting active liquidation and repositioning rather than passive weakness.• At the same time, momentum indicators are nearing oversold territory. Daily RSI readings have fallen close to levels that historically preceded at least short-term relief rallies.• The broader structure remains bearish. XRP continues trading inside a descending channel and below every major trend indicator that longer-term traders monitor.What traders should watch• $1.10-$1.12 is now the key support zone. A decisive break lower would increase the risk of a move toward $1.00 and potentially the $0.80-$0.90 region.• $1.13 is the first level bulls need to reclaim to ease immediate downside pressure.• Beyond that, attention shifts to $1.20 and then the larger $1.35-$1.40 resistance zone where previous recovery attempts failed.• The setup is becoming increasingly compressed. Either buyers finally defend the current support area with conviction, or XRP risks turning a difficult correction into a much larger breakdown.More For YouAnthropic's IPO pipeline, not its new model, is what crypto traders should track.Read full story