$XRP keeps finding buyers near major support, but it keeps losing support anyway. The latest drop pushed the token back toward the same $1.10 area that several analysts had flagged as a key line in the sand, with selling pressure accelerating once $1.13 gave way.
Crypto analytics platform CryptoQuant noted that $XRP transfer data has shown significant changes since the beginning of June. According to the data, large $XRP investors are increasingly concentrating their exchange withdrawal transactions on Binance, while the share of large outflows on Coinbase has declined significantly.
$XRP is trading at $1.1675 on 9 June, rebounding from a low of $1.0559 and attempting a second push towards $1.19, as options traders doubled their bets overnight right in the zone where the weekly chart shows significant structural support.
The $XRP reserve on Binance, the world’s largest cryptocurrency exchange by trading volume, fell to 2.7 billion tokens on June 7, compared with 2.77 billion $XRP on March 5, 2026. As a result, the supply of $XRP on Binance decreased by 66.05 million, reflecting a 2.38% decline over the period, according to CryptoQuant data analysed by Happy Coin News on June 8.
2026 has been a difficult period for the cryptocurrency market: since the start of the year, each of the five largest crypto assets by market capitalisation has posted double-digit losses. Among this group, Solana ($SOL) has suffered the most, losing more than 47% of its value since January 1. To understand where the market may head next, we asked several leading modern artificial intelligence (AI) models to forecast the year-end prices of $BTC, $ETH, $BNB, $XRP and $SOL. Their answers were, to put it mildly, intriguing.
$XRP continues to trade under pressure as weakening capital flows and declining derivatives activity reinforce a cautious market outlook. Although the token recently recovered from local lows, technical indicators suggest that buyers have not yet regained real control.
Despite the recent recovery in the cryptocurrency market, it is noted that there have been no significant changes in the technical outlook for the price of $XRP. According to analyses, despite recent attempts to rise, $XRP continues to move within a descending price channel and has been unable to break the broader downtrend.
Ripple CTO Emeritus David Schwartz said $XRP’s use case is expanding as the $XRP Ledger supports issued assets, tokenised real-world assets and a growing range of financial products such as securities, funds, repo transactions and loans.
$XRP traded near $1.16 on June 7 after a sharp weekly sell-off pushed the token close to the $1.00 area. The move gave traders a short-term rebound, but the wider trend remains weak.
Friday’s sell-off pushed $XRP deeper into the red, completing a 22% retrace over the past 30 days and sending the token below $1.10 for the first time since November 2024.
$XRP remains under strong pressure as technical weakness, declining speculative activity and persistent capital outflows continue to weigh on market sentiment. The cryptocurrency has lost several important support levels in recent weeks, leaving traders focused on whether buyers can defend the area around $1.10.
$XRP’s path to $2 by the end of June has become more difficult after the token dropped towards key support levels. The latest charts show price pressure near February lows, while analysts are watching whether buyers can defend the lower range before any recovery attempts begin.
Declines in the crypto market are leading to capital outflows from exchange-traded funds based on BTC, $ETH, SOL and $XRP. On Wednesday, issuers of spot Bitcoin ETFs recorded capital withdrawals for the 13th consecutive trading day. In total, outflows have amounted to $4.37 billion since mid-May.
$XRP is trading at $1.1736 on 4 June, entering the macro support zone that EGRAG Crypto calls the most important structural decision point of the current cycle, as June is opening below both the 50 EMA and the white macro trendline for the first time in many years.
On 3 June, $XRP reached a new yearly low of $1.188 amid a broader cryptocurrency sell-off, losing nearly 34% over the year before stabilising slightly below $1.22.
$XRP price extended losses and traded below $1.220. The price is now consolidating losses and faces hurdles near $1.2350 and $1.250.
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