XRP's Bear Market Has a New Hobby: Breaking Support While Holders Capitulate 📉

XRP slid more than 4% to test support around $1.10–$1.12 on June 10, 2026, after losing the $1.13 level on volume that surged to 109.9 million XRP, more than double the daily average, according to market data. The token remains in a broader bearish trend, trading inside a descending channel and below its 50-day, 100-day and 200-day moving averages, even as momentum indicators approach oversold territory. Traders are watching whether buyers can defend the $1.10–$1.12 zone and reclaim $1.13, with a failure risking a drop toward $1.00 or the $0.80–$0.90 area. The session's price action took XRP from $1.1505 to $1.1248 before stabilizing near $1.1240 into the close.

Onchain data from Glassnode underscores the strain. The 90-day moving average of XRP's realized profit-to-loss ratio has plunged to 0.38, meaning investors are realizing roughly 38 cents in profit for every $1 of losses. That marks a sharp reversal from the 2025 peak ratio of 50, when profit-takers outnumbered loss-sellers 50 to 1, and is widely viewed as a classic sign of market capitulation. XRP traded around $1.11 at the time, down nearly 40% for the year and far below its July 2025 peak above $3.60.

The token stabilized the following session, gaining about 1% to $1.1141 after holding the $1.10 area, though it underperformed major crypto benchmarks by nearly two percentage points. XRP-linked investment products attracted $6.75 million in inflows, lifting cumulative ETF inflows to roughly $1.44 billion, while futures activity surged to roughly $5 billion even as open interest remained near cycle lows. The scheduled June 15 release of XRP Ledger version 3.2.0, expected to reduce server memory requirements by around 40% and rebrand core software from "rippled" to "xrpld," is also approaching.

XRP posted its strongest session in days on June 12, climbing 3.3% from $1.1080 to $1.1442. The rally came on a volume spike to 120.2 million XRP during the June 11 17:00 UTC session, more than 160% above average, pushing price through resistance near $1.1220 and lifting XRP above $1.14. The move was accompanied by Ripple's announcement that Bitso's MXN-backed stablecoin MXNB will launch on the XRP Ledger and integrate with its Payments on Decentralized Exchange infrastructure, alongside Ripple's RLUSD, to provide on-chain dollar and peso liquidity on the XRPL Permissioned DEX. Separately, stablecoin supply on XRPL climbed more than 2% in under a week, adding $15 million and pushing the total market cap to a new all-time high of $770 million, even as the broader stablecoin market cap contracted by more than $7 billion in less than four weeks.

XRP remains below the larger descending trendline that has defined the downtrend since early 2026, with the market effectively trapped between a short-term bullish reversal and a longer-term bearish structure. Until one breaks, both scenarios remain viable.