XRP Price Rebounds From $1.09 Low, but Downtrend Remains Intact as Buyers Defend Key Support

XRP staged a modest recovery after suffering one of its steepest declines of 2026, but the latest rebound appears to signal stabilization rather than the beginning of a sustained bullish trend. After dropping to around $1.09, a level not seen since before the major breakout in November 2024, XRP managed to attract buyers and climb back toward the $1.14 area. Despite the bounce, the cryptocurrency continues to face selling pressure, keeping the broader market structure cautious.

Recent on-chain data suggests that investor accumulation may be increasing beneath the surface. More than 25 million XRP have reportedly been withdrawn from cryptocurrency exchanges over the past several days, a trend often viewed as a sign that holders are moving assets into long-term storage rather than preparing to sell. At the same time, XRP-focused exchange-traded fund (ETF) products continue to draw investor interest, recording approximately $118 million in net inflows during May and pushing cumulative inflows close to $1.4 billion.

During the latest trading session, XRP gained 1.6%, recovering from intraday lows and reaching near $1.14. The strongest buying activity emerged during the 22:00 UTC trading period, when volume surged to roughly 145.3 million XRP and helped the token break through resistance around $1.1350. However, bullish momentum weakened later in the session, with the price pulling back from $1.1488 before finding support once again.

From a technical perspective, XRP remains trapped within a descending channel, indicating that the broader downtrend has not yet been reversed. While the recent bounce eased immediate bearish pressure, the pattern of lower highs continues to dominate price action. Meanwhile, the Relative Strength Index (RSI) has fallen to one of its most oversold levels since before the 2024 rally, suggesting that selling momentum may be nearing exhaustion.

Traders are closely watching the $1.13 to $1.14 zone as immediate support. Resistance remains near $1.15, while a move above $1.20 would provide a stronger signal that XRP is beginning to recover from its recent selloff. On the downside, failure to hold above $1.10 could shift attention toward the psychologically important $1.00 level as the next major support target.