XRP Breaks February Support, Finds Footing on Deeper Channel Line
XRP fell below its February support band in early June, dropping to $1.10 as on-chain signals turned bearish. The price has stabilized on a longer-term descending channel that has guided the token lower since August 2025, leaving the technical picture contested between further downside and a potential buyer reaction.
Key Takeaways
- 1## February Support Gave Way in Early June XRP broke below a support range that had held for roughly four months between $1.
- 225 and $1.
- 355.
- 4The daily chart shows a candle that pushed the price to $1.
- 510 in early June, accompanied by a sharp increase in sell pressure.
February Support Gave Way in Early June
XRP broke below a support range that had held for roughly four months between $1.25 and $1.55. The daily chart shows a candle that pushed the price to $1.10 in early June, accompanied by a sharp increase in sell pressure. On-chain signals deteriorated to bear levels, and the XRP profit-and-loss ratio fell to its lowest point since 2024, according to the analysis.
A Deeper Channel Prevented Full Collapse
The selloff did not trigger a complete breakdown. Instead, XRP found support on the lower boundary of a descending channel that has guided price action lower since August 2025. That older support line held the latest move, leaving the market in a technical stalemate: the loss of the February range confirms the downtrend is real, but the stabilization on the deeper channel suggests bulls retain a foothold below current levels.
The Technical Setup Going Forward
The current position presents two competing narratives. A break below the descending channel support would open the door to deeper losses with no nearby floor. A bounce from current levels would need to reclaim the February range to signal a genuine reversal. The on-chain weakness and elevated liquidations suggest momentum remains negative, though the price action has not yet confirmed a full capitulation move.
Why It Matters
For Traders
XRP traders holding short positions have limited confirmation of further downside until the descending channel support breaks; longs face overhead resistance at $1.25.
For Investors
The breakdown of a four-month support band signals weakening demand, though the price action alone does not indicate whether the move reflects sector-wide selling or XRP-specific weakness.
For Builders
No immediate product or infrastructure implications; this is a price and sentiment signal rather than an on-chain or protocol event.
