XRP Price Prediction For June 8

XRP is bouncing. After days of relentless selling that pushed the token to within touching distance of $1, a relief rally has lifted the price 2.42% to $1.12 in the past 24 hours. 

The question every XRP holder is asking right now is whether this is a confirmed turning point or simply a brief pause before the next leg lower.

What Is Driving the Bounce

The move higher has less to do with anything specific to XRP and more to do with the broader market finding a short-term floor. The total crypto market cap rose 1.43% as the Fear & Greed Index hit 14, deep in extreme fear territory, a level that historically triggers short-covering and dip-buying from traders who recognise oversold conditions. 

The XRP Ledger crossing 200,000 daily active users for the first time since March provided a genuine fundamental backdrop to the move.

The Weekly Candle Close That Decides Everything

Analysts have been watching the $1.13 level closely as a critical support threshold. As of writing, XRP has not yet confirmed a weekly close below that level, but it is trading dangerously close.

If Sunday’s close lands well below $1.13 and the price fails to recover back above that zone in the days that follow, the next major downside target sits between $0.90 and $1.00. That remains a very real possibility within the next month if the broader market fails to find sustained momentum.

What the Next Few Days Could Look Like

In the immediate short term, a slight bounce or sideways consolidation is the most likely scenario. XRP tends to follow Bitcoin’s lead in short-term moves, and Bitcoin is showing similar signs of a temporary relief rally after its own severe selloff. That means a few days of relative calm, perhaps a test of the $1.36 resistance level if buying pressure builds, before the larger bearish structure reasserts itself.

The $1.10 level is the immediate line in the sand. If XRP holds above it, the path toward $1.36 remains open. If it breaks below $1.05, the $0.93 support zone becomes the next destination.

None of this changes the longer-term picture. The weekly chart carries no confirmed reversal signal. The bearish trend that has been in place for months remains intact. A short-term bounce within a downtrend is normal market behaviour, not a sign that the worst is over.

For XRP holders watching the clock tick toward Sunday’s weekly close, the next 24 hours carry more weight than any single day has in weeks.