XRP price entered a key technical phase on Tuesday, June 9, 2026, as analysts tracked whether buyers could defend macro support. The market focus remained on a possible double-bottom setup, while downside risk stayed active after recent broader weekly losses.
As of writing, XRP is trading at $1.16, marking an increase of 2.58% in the past day. The trading volume is down by 1.27% and is currently standing at $2.1 billion. Over the last week, the XRP price has decreased by 7.48%, according to CoinMarketCap.
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XRP Risks $0.80 Retest if Momentum Weakens
According to analyst Egrag Crypto, XRP is currently resting right on a macro decision zone. He noted that the market now faces a clear question. XRP price could slip toward $0.80, or it could form a double bottom and move higher.
The analyst noted that confirmation requires strength. If the monthly candle closes above $1.40, it would be considered that the bottom was most likely formed at $1.05. He also added that reclaiming $1.61 to $1.65 would start a bullish recovery.
Egrag said that a break above $1.70 would provide stronger confirmation. However, loss of momentum would open the way toward $0.80. That level stays the main downside zone in his current setup.
Moreover, another analyst, CasiTrades, mentioned that the XRP price hit a significant macro level of support. The analyst revealed that XRP touched the 0.786 macro support at $1.09. She said the daily time frame has respected that area so far.
The analyst added that the next reaction will be crucial for the broader correction. She mentioned that the levels to watch on the upside are $1.19 and $1.27. Both these areas are viable until a decision is made by the market on the continuation of the correction.
A pullback from those levels could maintain the downside risk. If so, there is a chance XRP can drop back to the $0.90 support region. The analyst correlated that region with the 0.854 support level.
However, if it breaks through resistance, then the short-term picture will change. CasiTrades said this could signal that XRP is making a new trend and not just setting up another lower wave.
Open Interest Rises Despite Lower Futures Volume
Derivatives data showed mixed market positioning. According to CoinGlass data, XRP futures volume decreased by 9.41% to $2.78 billion. The open interest increased 2.54% to $2.44 billion, indicating that traders increased their exposure despite a lower volume.
The XRP OI-weighted funding rate stood at 0.0005%. Both sides were under minimal pressure, as evidenced by the low rate. XRP price now depends on whether buyers defend support or sellers push the token toward lower levels.
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