Key Insights
- XRP continues holding the $1.10-$1.13 support zone even after a sharp weekly selloff.
- On-chain data shows many investors are selling at a loss while XRP Ledger activity remains weak.
- ETF inflows and the new Nasdaq CME crypto index futures product continue supporting long-term demand.
XRP Price Prediction: Can XRP Hold $1.10 Support as Selling Pressure Grows?
XRP traded near $1.11 on June 10 as traders watched an important support level. The token lost about 4% in the last 24 hours and more than 10% over the past seven days. The wider crypto market also remained weak. Even so, some recent developments from major financial firms continued to support the long-term XRP price prediction.
XRP traded between $1.10 and $1.16 during the day. The token is still far below its July 2025 high of $3.65. Its market value stood at $70.28 billion, while daily trading volume reached $1.98 billion.
XRP Price Prediction Focuses on the $1.13 Support Level
The biggest area traders are watching is between $1.10 and $1.13. During the recent market drop, XRP briefly moved below $1.13. However, the weekly candle closed above that level.
Source: Coingecko
Many traders pay close attention to weekly closes because they often give a clearer picture of market strength. A short move below support may not matter as much if the market closes the week above that level.
A market update shared on social media pointed out that XRP managed to hold this support area despite strong selling pressure. The post gained attention because many traders now see $1.13 as the most important level for the short term.
The support zone became important after XRP fell below $1.30. Earlier market analysis suggested that losing $1.30 could lead to a move toward $1.13. That move later happened, placing even more focus on the lower support area.
Price Chart Still Shows Weakness
The daily chart continues to show lower highs and lower lows. This pattern often means sellers still have the upper hand.
XRP also remains below the Supertrend indicator at $1.2638. Because of this, the area between $1.26 and $1.33 remains a major hurdle for buyers.
Before reaching that range, XRP needs to move above several levels. Traders are watching $1.16 and $1.21 closely. A break above those prices could improve market confidence.
Another level drawing attention is the 200-day moving average near $1.1230. XRP has often shown stronger performance when trading above this line.
If XRP drops below $1.10 and stays there, traders may start looking at $1.00 as the next support level. After that, attention could shift to $0.90.
On-Chain Data Shows Investors Are Taking Losses
Recent blockchain data has added to concerns around the XRP price prediction.
According to data shared by Glassnode, XRP’s 90-day profit-to-loss ratio has fallen to 0.38. This means investors are taking much larger losses than profits.
Source: X
For every dollar in profit, many traders are accepting losses instead. Such data often appears when market confidence becomes weak after a long price decline.
The numbers suggest many investors are moving their coins while selling below their buying price. This has increased pressure on XRP during recent trading sessions.
Network Activity Has Slowed
Activity on the XRP Ledger has also dropped sharply.
More than 91% reduction in network fees indicates reduced network demand. Typically reduced network fees will mean reduced network activity.
Additionally, the relative strength index (RSI) on XRP has declined to 29.03. Readings of less than 30 are a signal of oversold territory.
While oversold conditions do sometimes produce a price increase, it does not necessarily occur immediately.
Traders typically wait until the RSI is moving back above 30 before showing some signs of stronger buying. Readings above 50 would suggest more assured buying activity.
The XRP price prediction as for now is contingent on buyers holding on to their current support.
Institutional Growth Continues Despite Market Weakness
Although XRP has faced selling pressure, interest from major financial firms continues to grow.
Teucrium CEO Sal Gilbert recently discussed XRP during a market interview. He said the current selloff appears to be driven by traders moving money into other opportunities, including SpaceX-related investments.
Gilbert also said he believes XRP looks oversold at current prices. While he acknowledged that prices could still fall further, he pointed to ongoing development work around the XRP network.
A second social media update focused on the launch of the XRP EVM sidechain and RLUSD. Gilbert said the move could help Ripple connect with more smart contract networks and attract new users over time.
ETFs and New Futures Products Add Support
Another positive development came from CME Group and Nasdaq.
The two firms recently launched the Nasdaq CME Crypto Index futures product. XRP holds a 5.80% share in the index alongside Bitcoin and Ethereum.
The product gives investors a simple way to gain exposure to several cryptocurrencies through one regulated market product.
At the same time, XRP ETF products continue to attract money. Current data shows that XRP ETFs hold more than $1.2 billion in assets. Seven active funds now hold more than 840 million XRP tokens.
These products continue creating steady demand for XRP even during periods of market weakness.
Bitcoin is the other biggest influence for XRP price prediction. If Bitcoin maintains above crucial support level, XRP might achieve short term recovery or consolidate. If Bitcoin keep on decreasing, XRP might experience more selloff pressure.
For now, traders remain focused on the $1.13 support area. The level has held so far, but the next move may depend on whether buyers can keep control while the broader crypto market looks for direction.
FAQs
- Why is $1.10 important for XRP?
$1.10 is a key support level. If XRP stays above it, the price may remain stable.
- Is XRP oversold right now?
Yes. The RSI is below 30, which shows XRP is in oversold territory.
- What are XRP ETFs?
XRP ETFs are investment funds that hold XRP and give investors exposure to the token.
- What could help XRP’s price rise?
A stronger Bitcoin market and more buying interest could help XRP move higher.
