XRP steadies above $1.10 as oversold bounce meets lingering bearish pressure
2026-06-08 06:10:57
XRP stabilized above $1.10 after rebounding from four-month lows on elevated volume, but remains in a broader downtrend and below key resistance levels. According to CoinDesk, more than 25 million XRP left exchanges in recent days while XRP-linked ETF products drew about $118 million of inflows during May, with cumulative inflows nearing $1.4 billion. Traders are watching support around $1.13-$1.14 and resistance near $1.15-$1.20; a break above $1.20 could signal improving sentiment, while a renewed drop below $1.10 may refocus attention on $1.00.
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