The XRP price is back above $1.10, and traders are watching closely to see whether this recovery has legs or is just a temporary bounce. The coin is trading at $1.14, flat on the day, with over $2.1Bn in trading volume and a market cap of $70Bn. The more interesting question is what happens next at the resistance levels stacking up above the current price.
The recovery began after XRP held firm above $1.050, giving bulls a base to work from. Buyers then pushed the price through $1.10 and cleared a bearish trendline on the hourly chart that had been acting as a ceiling.
Crucially, XRP also broke above the 23.6% Fibonacci retracement of the $1.3640-to-$1.052 drop, and price is now trading above the 100-hourly Simple Moving Average, a positive structural shift.
Analyst Ali Charts flagged on X that a dip to $0.90 could represent a “compelling long-term buying opportunity,” suggesting even XRP bulls are hedging for further downside.
I’m watching $0.90 closely on $XRP.
If price gets there, I think it could offer a compelling long-term buying opportunity. pic.twitter.com/KcYXI40Bcd
— Ali Charts (@alicharts) June 7, 2026
Can XRP Price Break $1.20 This Week?
At $1.12, XRP has reclaimed meaningful ground. The 24-hour gain of +0.2% is modest in crypto terms, but the structural picture improved with the trendline break. Volume at $2.1Bn confirms this isn’t a low-conviction drift; buyers are participating.
The first test arrives at $1.1720. A clean close above that level on the hourly chart would open a path toward $1.2080, which aligns with the 50% Fibonacci retracement of the recent drawdown. Beyond that, key resistance clusters appear at $1.2150, $1.220, and $1.2450.
Three scenarios appear most probable from here:
- Bull case: XRP holds above $1.10 on any pullback, clears $1.1720 with volume, and targets $1.2080 within days, potentially accelerated by positive ETF news.
- Base case: Price consolidates between $1.10 and $1.17, grinding sideways as traders wait for a clearer catalyst before committing to the next leg.
- Bear/invalidation: A break below $1.05 support invalidates the recovery thesis and puts analyst Ali Charts’ $0.90 target back on the table.
Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels
XRP’s recovery is encouraging, but at a $70Bn market cap, the math for life-changing percentage gains requires a lot of new capital flowing in. That’s a genuine constraint worth acknowledging. Some traders at this point in the cycle start looking earlier in the risk curve, where smaller projects carry higher potential alongside higher risk.
Bitcoin Hyper ($HYPER) is one presale drawing attention for a different reason entirely: its positioning as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, meaning developers can run fast, low-cost smart contracts on Bitcoin’s security layer (a combination that hasn’t existed before).
The presale has raised over $32.8M at a current price of $0.0136813, with staking already live for early participants. The core pitch is solving Bitcoin’s three biggest limitations, slow transactions, high fees, and limited programmability, without sacrificing the security that makes BTC valuable in the first place.
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