XRP price analysis drew fresh attention on Thursday, June 4, 2026, as sellers pushed the token below a key support area during a broader market pullback. Analysts pointed to weakening structure. The latest move kept focus on lower support zones.
As of press time, XRP is trading at $1.15, showing a decline of 6.83% in the past day. The trading volume is down by 5.6% and is currently standing at $3.19 billion. Over the past week, the XRP coin price has decreased by 10.73%, according to CoinMarketCap.
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XRP Wave Structure Points to Lower Support Test
The move placed XRP below a support area watched by analysts. CasiTrades, a crypto analyst, highlighted that the crypto market is beginning to show some selling pressure. The analyst added that XRP is now breaking below an important support level.
XRP price analysis from CasiTrades focused on the current wave structure. The analyst reported that the fall is a subwave three movement. She described that phase as usually the strongest and fastest wave in the cycle.
The analyst stated that the 1.618 extension is around $0.92. The region is near the broader $0.87 support level. She said this level has remained part of the support outlook for several months.
The possible trajectory shows a sharp turn towards $0.92. The analyst then anticipates a relief bounce to the $1.20 level. If such a rebound occurs, then $1.20 might serve as resistance according to the XRP price analysis.
The analyst also noted that markets do not always follow textbook patterns. A strong response from the third wave low can alter the anticipated direction. The first indicator of that change would be a break above $1.30 on clear strength.
XRP Downside Risk Grows as February Lows Return
Moreover, More Crypto Online, another analyst, mentioned that XRP is still under pressure. The analyst added that XRP is now testing the February lows. XRP price analysis from the analyst did not show confirmation for the start of wave C to the upside.
The analyst cautioned that there is the risk of B-waves hitting the downside. He added that the next drop may have already begun. A break below the February lows could lead to a test of the $0.985 level.
Futures Volume and Open Interest Decline
According to CoinGlass data, the futures volume has decreased by 2.55% to reach $3.88 billion. Open interest also dropped 9.02% to $2.47 billion over the same period. The XRP OI-weighted funding rate stood at 0.0014%.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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