XRP Price Prediction: Options Volume Explodes 104% as XRP Tests Its Last Weekly Support
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In crypto markets on June 9, XRP traded at $1.1675 after bouncing from $1.0559 and testing $1.19, while options volume surged 104% to $5.39M as traders concentrated activity around the weekly fair value gap. Technically XRP remains in a bearish descending channel from a July 2025 peak near $3.50 with all four EMAs stacked above and a key weekly FVG demand zone at $0.80–$1.00; analyst EGRAG flags $1.14 as the line between recovery and a $1.10 retest, indicating downside risk for the token’s price and adoption despite heightened options interest.
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- XRP trades at $1.1675 inside a descending channel with all four EMAs stacked above in bearish order
- Options volume surged 104% to $5.39M as price tests critical weekly FVG support
- $1.14 is the line between recovery and a $1.10 retest, per analyst EGRAG CRYPTO
XRP trades at $1.1675 on June 9, bouncing from a low of $1.0559 and attempting a second push toward $1.19 as options traders doubled their bets overnight at the exact zone where the weekly chart shows major structural support.
XRP Weekly Chart: One Fair Value Gap Between Bulls and $1
The weekly chart tells the cleaner story. XRP peaked near $3.50 in July 2025 and has been losing structure ever since inside a descending channel. Price now sits directly above a wide weekly FVG zone spanning $0.80 to $1.00, the same demand area that launched the late 2024 breako…
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