The recent XRP sell-off has brought the $1 level back into the market’s spotlight, with investors watching to see if the token can maintain psychological support, while derivatives data points to edged color in long positions. The move comes as XRP continues to trade within a broader, multi-month descending wedge structure, maintaining an advantage for both technical investors and leveraged participants.
TL;DR
- XRP tested the $1 psychological support level during the June 26 sell-off.
- The daily charts show XRP trading in a multi-month falling wedge pattern.
- Long liquidations reportedly reached $40.73 million on June 25, the highest single-day amount since early February 2026.
- Analysts see the $1.10 to $1.12 area as a potential near-term zone for regaining momentum, while lower monthly support is positioned near $0.91.
The $1 level takes center stage
Round number levels often matter in cryptocurrencies because they become basic reference points for both retail traders and automated strategies. In the case of XRP, the $1 area is particularly crucial because it has served as a psychological dividing line between deeper bearish momentum and attempts at stabilization.
The approved pack shows that XRP tested this level on June 26 as sell-side pressure increased. However, write limits are crucial: $1 should not be described as a guaranteed minimum. The same validation notes point to lower long-term monthly support, around $0.91, which means a breakout of the psychological level could continue to leave the market in search of a more strong base.
Liquidations add fuel to the crisis
This move wasn’t just about spot sales. According to reports, the number of long XRP liquidations reached $40.73 million on June 25, representing the highest single-day liquidation volume since early February 2026. According to validated derivatives data, over 97% of long XRP positions were liquidated in the 24 hours preceding June 26.
This matters because declines due to liquidation can occur more quickly than basic point adjustments. When leveraged long positions are forced, exchanges automatically exit losing positions, which can amplify downside moves and push the price to key levels faster than discretionary investors expect.
The falling wedge has investors waiting for recovery
Technically, XRP remains inside a multi-month descending wedge pattern. Traders often watch wedge structures for signs of compression and potential reversal, but the pattern does not guarantee a breakout. With the current setup, the approved package notes that reclaiming the $1.10-$1.12 region would be necessary to shift near-term dynamics in a more constructive manner.
Until this happens, the market remains vulnerable to failed rebounds. XRP may settle near $1, but bulls need to prove that the move is more than just a short-lived pause after leverage runs out. A clear return above the bounce zone will likely be perceived as the first sign that the sell-off is losing strength.
What XRP bulls need to avoid
The main risk for bulls is a decisive loss of $1 followed by faint demand at each retest. If this happens, investors may focus on the lower monthly support area near $0.91. This does not mean that XRP must trade there, but it gives the market a clear reference to the negative consequences if psychological support fails.
For now, XRP is caught between two competing signals: a technical structure that some investors may see as a potential reversal setup, and liquidation data showing that leveraged bullish positioning has already been severely punished. The next test is whether spot demand can replace the leverage that has just left the market.
This report is based on information from Crypto.news XRP wedge AND BeInCrypto XRP Support.
This article was written by the News Desk and edited by Samuel Rae.
