XRP slides 2.8% as weak bounce keeps $1 support in focus (opens original article in a new tab)

XRP fell 2.8% to $1.07 as it lost key support at $1.0850, leaving the token near the lower end of its June range with traders focusing on $1.05-$1.07 as critical support. Analysts note XRP remains in a defensive posture below $1.0850, with bulls needing to reclaim $1.10 to indicate the recent decline was a temporary shakeout.

• XRP slid 2.8% to $1.07 after losing key support at $1.0850
• Traders now focus on $1.05-$1.07 as critical support band
• Analysts say bulls must reclaim $1.10 to show breakdown was a shakeout
• XRP remains in defensive posture below $1.0850 with repeated failed recoveries
• Loss of $1.0850 shifted it to resistance with buyers facing overhead level