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XRP tests critical $1 support amid bearish trend and oversold conditions, eyes key recovery levels.

Market News
06 Jun 2026
UToday
View Source
Bearish
pluang ai news

XRP recently dropped to $1.05, its lowest in months, after a six-day decline from a high of $1.36. Despite strong ETF inflows nearing $1.5 billion, market sentiment has weakened, pushing XRP below a crucial weekly support at $1.18. This breach raises the possibility of further declines toward $0.92 if XRP fails to rebound. Traders are watching closely as a recovery above $1.18 could signal a short-term bounce toward $1.6 and $2, but the overall trend remains bearish until XRP regains key support levels. Notably, XRP trading remains strong in South Korea, indicating continued interest despite recent price drops.

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