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XRP steadies above $1.10 after a sharp sell-off, showing signs of accumulation but still trapped in a downtrend.

Technical Signals
08 Jun 2026
Coindesk
View Source
Neutral
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XRP recovered from a four-month low near $1.09, supported by strong buying and heavy exchange outflows, indicating accumulation. Despite this, the token remains stuck below key resistance levels between $1.15 and $1.20 and is still in a broader downtrend. ETF inflows continue to grow, suggesting investor interest, but price action shows the market is still trying to find a bottom rather than starting a new rally. Traders are watching support at $1.13-$1.14 and resistance near $1.15-$1.20 to gauge whether XRP will decline further toward $1.00 or begin to recover.

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