The XRP token slipped into a fresh wave of selling on June 10, extending a corrective slide that has wiped out recent gains and pushed the price back toward the psychologically important $1.10 area. The decline gathered momentum after the $1.13 support zone crumbled, triggering a surge in trading volumes that underscored an abrupt repositioning rather than gradual weakness.
The price started the session near $1.1505 but swiftly broke below $1.150 and the 100-hour simple moving average, confirming a bearish shift in the short-term trend. A previously reliable bullish trend line at $1.1620 was shattered, and XRP dipped through the 38.2% Fibonacci retracement level of the recent upswing from $1.05 to $1.1863.
Heavy selling accelerated once the $1.13 floor gave way. Trading activity exploded to 109.9 million XRP, more than double the daily average, indicating that large-scale liquidations and active hedging drove the move. By the end of the 24-hour window, XRP had lost over 4%, settling near $1.1248 with an intraday low around $1.1240.
Technical indicators paint a cautious picture. The MACD for XRP/USD is deepening its bearish stance, while the relative strength index (RSI) is slipping below the 50 midline. However, the RSI on daily timeframes is approaching levels that historically preceded at least short-term relief bounces. Still, the overall structure remains bearish, with XRP trading inside a descending channel and consistently below every major trend indicator, including the 100- and 200-day moving averages.
Looking ahead, the $1.10–$1.12 region is now the critical support zone to watch. A decisive break below $1.10 would expose the path toward $1.00 and potentially the $0.80–$0.90 range, according to several analysts. On the upside, bulls must reclaim $1.13 as a first step to ease immediate downside pressure. Beyond that, resistance is stacked at $1.20 and the larger $1.35–$1.40 zone, where previous recovery attempts ran out of steam.
