# XRP Price Nears Critical $1.10 Support Amid Market Sell-Off

**Published:** 2026-06-12T11:48:19.634Z  
**Topic:** Liquidation Crypto  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/9701a85c-dbc5-4b40-91a1-e714996e917f

XRP is testing a key $1.10 support level after a market-wide sell-off wiped out $1.7 billion in leveraged positions and triggered ETF outflows.

XRP has experienced a sharp decline, trading near $1.15 as the broader cryptocurrency market faces a wave of forced liquidations [1]. The token is currently testing a critical support level at $1.10, a threshold that analysts suggest could determine whether the asset faces further downward pressure or a potential recovery [2].

**Key takeaways**
* Over $1.7 billion in leveraged positions were liquidated across the digital asset market, contributing to the recent price volatility [1].
* XRP trading volume surged 56% in 24 hours to approximately $3.4 billion as selling pressure intensified [2].
* XRP exchange-traded funds (ETFs) recorded $5 million in outflows, marking the first such decline in 21 days [1].
* The Crypto Fear and Greed Index has fallen to 19, signaling "Extreme Fear" among investors [2].

## Liquidation stress and institutional shifts
The recent price drop, which saw XRP fall roughly 8% in a 24-hour period, is largely attributed to a broader "risk-off" environment [2]. Geopolitical tensions, including stalled negotiations between the United States and Iran, have dampened investor appetite for volatile assets [1]. This sentiment is compounded by concerns over potential tariff increases proposed by President Donald Trump [1]. As market participants reduced their exposure, more than $25.64 million in XRP-specific derivatives positions were liquidated, with long positions accounting for over 96% of that total [2].

Despite the short-term volatility, institutional interest remains a point of focus. While XRP ETFs saw a $5 million outflow on Wednesday, these funds still maintain approximately $1 billion in net assets and $1.4 billion in cumulative inflows [1]. Analysts note that this divergence suggests that while short-term traders are exiting positions, longer-term institutional capital may still be accumulating [2].

## Technical outlook and market levels
Technical indicators currently reflect the fragility of the current price action. The Relative Strength Index (RSI) has dropped below 30, an oversold condition that has historically preceded rallies, though analysts caution that such signals can persist during strong downtrends [2]. The MACD lines remain in negative territory, and the token is trading below its 7-day simple moving average of approximately $1.29 [2].

If the $1.10 support level fails to hold, the next major downside target is $0.80 [1]. Conversely, if bulls successfully defend the $1.10 zone, the price could target initial resistance at $1.21, followed by $1.36 and potentially the May high of $1.55 [1]. Market participants are closely watching for a daily candle close to confirm whether the current support will hold or if the asset is headed for a deeper correction [2].

## Why it matters
The current price action for XRP highlights the sensitivity of altcoins to leveraged market liquidations and broader macroeconomic uncertainty. Because XRP’s performance is closely linked to Bitcoin’s direction, the asset remains vulnerable to wider market volatility [2]. The coming days will be critical; a successful defense of the $1.10 level could signal a stabilization, while a break below this point would likely invalidate the current bullish structure and increase the probability of further losses [1].

## Sources
1. Invezz — [XRP crashes toward key $1.10 support as crypto liquidations explode](https://invezz.com/news/2026/06/04/xrp-crashes-toward-key-1-10-support-as-crypto-liquidations-explode/)
2. Analyticsinsight — [XRP News Today: XRP Falls 8% as Crypto Market Sell-Off Pushes ...](https://www.analyticsinsight.net/news/xrp-news-today-xrp-falls-8-as-crypto-market-sell-off-pushes-token-toward-key-110-support)
3. Cryptorank — [XRP crashes toward key $1.10 support as crypto liquidations ...](https://cryptorank.io/news/feed/0d1db-xrp-crashes-toward-key-1-10-support-as-crypto-liquidations-explode)

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Cite as: TrendWatcher, "XRP Price Nears Critical $1.10 Support Amid Market Sell-Off", https://www.trendwatcher.in/article/9701a85c-dbc5-4b40-91a1-e714996e917f