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XRP Price Forecast: Options Volume Explodes 104% as XRP Tests Its Final Weekly Support
$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.
XRP Weekly Chart: One Fair Value Gap Between Bulls and $1
Weekly price action for $XRP. Source: TradingView.
The weekly chart tells a cleaner story. $XRP peaked near $3.50 in July 2025 and has since been losing structure inside a descending channel. The price is now sitting directly above a broad weekly FVG zone spanning $0.80–1.00 — the same demand zone that launched the breakout in late 2024.
The weekly MACD remains bearish, but histogram bars are shrinking, and green flips are appearing at the edges. Selling momentum is fading rather than accelerating. A weekly close above $1.19 would be the first higher structure in several months.
Key $XRP Levels for 10 June
Resistance: $1.50 — FVG overhead, $1.90 — CHoCH level.
Support: $1.10, $1.00 — upper part of the weekly FVG zone.
What Is the $XRP 4H Chart Showing Now?
XRP 4H price action. Source: TradingView.
$XRP is locked inside a narrow descending channel on the 4H chart, with all four EMAs above price in bearish order: the 20 EMA at $1.1519, the 50 EMA at $1.1803, the 100 EMA at $1.2337 and the 200 EMA at $1.2929. The descending trendline from mid-May has capped every recovery attempt so far.
Related: Cardano price forecast: ADA fell below $0.17 as weak demand limits upside potential despite Hoskinson’s bold vision.
RSI is the signal bulls can work with. A clean bullish divergence formed around 4 June, when price reached $1.05 while RSI held higher lows. The index now reads 54.26 and points towards the $1.19–1.25 range if the rebound keeps its structure.
#$XRP — 1H TF Update:
We reached $1.1860 and now #$XRP is building momentum for the second push.
Short-term target remains: $1.19–$1.25
However, losing $1.14 opens the door for a retest of $1.10.
Hold structure = continuation.
Lose $1.14 = deeper retest.
Structure > Noise. https://t.co/1KhhuSgc7y pic.twitter.com/89hmVPIzxt— EGRAG CRYPTO (@egragcrypto) June 9, 2026
Analyst EGRAG CRYPTO notes that $XRP reached $1.1860 and is now preparing for a second move higher. The short-term target is in the $1.19–1.25 range. Losing $1.14 on the close would fully change the situation and put $1.10 back in play.
$XRP Derivatives: Why a 104% Options Volume Spike at Support Matters
XRP derivatives analysis. Source: Coinglass.
Trading volume fell by 9.15% to $2.78 billion, while open interest rose by 2.53% to $2.44 billion. New positions quietly increasing while trading activity declines point to cautious directional bets rather than momentum chasing. The 24-hour long/short ratio of 1.0012 confirms that neither side has taken full control.
The 104.01% rise in options volume to $5.39 million is not background noise. Traders placing options at a key support level are positioning for a defined move, not simply hedging. Such behaviour often comes before a sharp directional resolution.
$XRP Price Forecast for 10 June 2026
Upside: holding above $1.14 and breaking the channel targets $1.25, then $1.50 if the weekly structure confirms.
Downside: a close below $1.14 signals a failed bounce, with $1.10 as the immediate risk and $1.00 as the deeper target if the weekly FVG gives way.
