XRP slid 2.8 percent to about $1.07 Wednesday, losing key support at $1.0850 during a broader crypto market pullback and leaving the token near the lower end of its June trading range. The breakdown occurred around 13:00 UTC when volume surged to 117.26 million XRP, overwhelming buyers who had defended the $1.05-$1.07 area throughout the session.

Market Context

XRP traded lower alongside a broader crypto market pullback, with CD5 dropping nearly 3 percent as bitcoin and major tokens came under pressure. The selloff pushed XRP to an intraday low near $1.0446 before a modest rebound carried price back toward $1.07, but the recovery lacked conviction. Traders note that every failed bounce makes the psychological $1 level look a little closer.

Analysis

The loss of $1.0850 shifted that level from support into resistance, leaving buyers with another overhead barrier to reclaim before the chart can stabilize. Analysts continue to frame the $1.05-$1.10 zone as key support territory for XRP, with a break below likely shifting market attention toward the psychological $1 handle. 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.

Longer-term bulls still point to a multi-year falling wedge structure as a potential setup for eventual upside, but near-term price action remains defined by lower highs and repeated failed recoveries. XRP remains in a defensive posture below $1.0850, and traders say bulls must reclaim $1.10 to suggest the latest breakdown was only a shakeout rather than the start of a deeper move.

Key Numbers

- 2.8%: XRP's percentage decline during the 24-hour session

- $1.0708: XRP price at time of report, down from $1.1020 intraday high

- $1.0850: Key support level lost during Tuesday's selloff; now resistance

- $1.0446: Intraday low reached before modest bounce

- 117.26M: Volume in XRP that triggered the main breakdown at 13:00 UTC

- $1.05-$1.07: Critical near-term support band traders are watching