XRP steadies above $1.10 as oversold bounce meets lingering bearish pressure

coindesk
coindesk|2026年06月08日 06:08
XRP recovered from four-month lows on elevated volume, but the token remains trapped below key resistance levels even as ETF inflows and exchange outflows continue to build. What to know : XRP has stabilized after a sharp sell-off, with buyers defending the $1.09 area but the token still trading within a broader downtrend. Heavy exchange outflows and steady ETF inflows suggest accumulation beneath the surface even as price action looks more like bottom-fishing than a new rally. Traders are watching support around $1.13 to $1.14 and resistance near $1.15 to $1.20 as key levels that could signal either further downside toward $1.00 or the start of a repair in sentiment.
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