XRP fell to $1.07 after losing key support at $1.0850, with traders eyeing the $1.05-$1.07 band for next moves.
XRP declined 2.8 percent to $1.07, breaking below the $1.0850 support level on heavy selling volume. The token’s recovery attempt failed to regain lost ground, leaving it near the lower end of its June trading range.
Traders now view $1.05 to $1.07 as critical support, with a break below potentially targeting the psychological $1 level. Analysts note XRP remains defensive below $1.0850, requiring a move above $1.10 to signal a potential reversal.
The broader crypto market pullback weighed on XRP, with bitcoin and other major tokens also under pressure. Near-term price action continues to show lower highs and failed recoveries, keeping focus on downside risks.