Overview
- XRP traded around $1.16 on June 9 after falling from a June 1 high near $1.39 and a local low close to $1.05, leaving the token trapped between immediate support and key resistance.
- Traders and analysts place immediate support at $1.14–$1.15 and warn that losing that zone could expose $1.10 and wider targets near $0.90–$0.80.
- Some analysts say a monthly close above $1.40 would confirm a double‑bottom and signal a larger recovery, but that outcome requires stronger volume and higher closes above $1.20–$1.25 first.
- Technical indicators show weak momentum with a bearish MACD and deep multi‑timeframe RSI oversold readings that some see as a bullish setup while others caution past rallies began from much lower price bases.
- The XRPL 3.2.0 upgrade, set for June 15, will rename the core server to xrpld and aim to cut node memory use and improve performance, yet developers and reporters stress the software change alone cannot be relied on to move price and thin liquidity leaves XRP sensitive to large flows and macro headlines.