XRP’s latest sell-off has put the $1 level back at the center of market attention, with traders watching whether the token can hold psychological support while derivatives data shows a sharp flush in long positions. The move comes as XRP continues to trade inside a broader multi-month falling wedge structure, keeping both technical traders and leveraged participants on edge.
TL;DR
XRP tested the psychological $1 support level during the June 26 sell-off.
Daily charts show XRP trading inside a multi-month falling wedge pattern.
Long liquidations reportedly reached $40.73 million on June 25, the highest single-day figure since early February 2026.
Analysts are watching the $1.10 to $1.12 area as a potential short-term momentum reclaim zone, while lower monthly support sits near $0.91.
The $1 Level Takes Center Stage
Round-number levels often matter in crypto because they become easy reference points for both retail traders and automated strategies. For XRP, the $1 area i
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