XRP Holds Near $1.16 as $1.13 Support Emerges as Key Pivot

Ripple (XRP) is holding near $1.16 as traders focus on whether the token can defend the $1.13 area—a level widely viewed as the near-term pivot that could determine whether the recent slide extends or a relief bounce takes shape.

As of Tuesday, June 9, 2026 at 5:00 UTC, XRP was changing hands at $1.1650, up about 2% over the past 24 hours, according to CoinMarketCap data. The token also posted a modest gain over the last hour, suggesting short-term buying interest has returned after a sharp multi-week drawdown.

That intraday uptick, however, sits against a heavier backdrop. XRP remains down roughly 8.7% over seven days and about 17.8% over the past month, underscoring that the broader trend has yet to meaningfully stabilize for swing and position traders.

Trading activity continues to be concentrated on centralized venues. XRP’s 24-hour trading volume totaled approximately $2.10 billion, with centralized exchanges accounting for nearly all of it, while decentralized exchange volume was negligible by comparison. The imbalance highlights how price discovery for XRP is still largely driven by order flow on major centralized platforms rather than on-chain liquidity.

Multiple market monitors and research outlets have converged on $1.13 as the key 'support' level. Analysts at CryptoRank and Coinpedia have flagged that a clean break below that zone could open the door to a deeper retracement toward the $1.00–$0.90 range. Some bearish scenarios extend further, suggesting that if $0.90 fails to hold, the market could test the low-$0.70s—an outcome that would likely accelerate negative sentiment after the token’s nearly 18% decline over the past 30 days.

Despite the recent weakness, XRP’s market footprint remains substantial. The asset’s market capitalization stands near $72.3 billion, representing about 3.3% of the total crypto market and placing it sixth by market value on CoinMarketCap rankings. Circulating supply is roughly 62.1 billion XRP out of a maximum 100 billion, leaving a sizable portion of the total supply still outside circulation.

That supply overhang remains a persistent long-term variable. XRP’s fully diluted valuation (FDV) is estimated around $116.5 billion—significantly above its current market cap—meaning future distribution dynamics could continue to influence longer-horizon pricing, particularly during periods of weaker demand.

In the near term, signals are mixed. The hourly and daily gains point to a tentative short-term rebound, but medium-term performance remains negative, with multi-month returns still underwater. Intellectia’s market commentary similarly characterized the latest move as a mild uptick lacking decisive 'momentum,' arguing that without clear fundamental catalysts—such as major ecosystem partnerships, regulatory developments, or substantive roadmap updates—XRP may struggle to break out of its current range.

For now, the market’s attention is firmly fixed on the $1.13 battleground. Whether buyers can defend that area, and whether volume expands on any move, is likely to shape XRP’s next leg—alongside broader macro conditions and Bitcoin (BTC) direction, which continue to set the tone for risk appetite across crypto markets.