XRP slides 2.8% as weak bounce keeps $1 support in focus

XRP lost 2.8% on Tuesday, sliding to $1.0850 before staging a weak bounce that failed to reclaim the level. The token now trades near the lower end of its June range, with buyers defending the $1.05-$1.07 area but lacking momentum to push price higher. Every failed recovery attempt brings the psychological $1 mark closer into view.

The broader crypto market also pulled back, with the CoinDesk 20 index dropping nearly 3% as bitcoin and major altcoins came under pressure. For XRP traders, the $1.05-$1.10 zone has been widely cited as key support; a decisive break below it would shift attention to the $1 round number. The current price action reflects a market that is losing upside conviction, with volume declining on bounces — a sign that dip buyers are becoming less aggressive. For real-time pricing and order book depth, check NowPrice's XRP page.

Longer-term chart watchers still point to a multi-year falling wedge pattern that could eventually resolve to the upside, but near-term price action remains fragile. The next catalyst could come from broader macro data, such as US GDP or PCE releases, which may influence risk appetite across crypto. Until then, XRP is likely to remain range-bound, with $1.05 as the immediate floor and $1.15 as resistance. A close below $1.05 would open the door to a test of $1.00, a level that has not been seen since early June.