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 consider themselves early rather than early-ish. 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 — the sideways kind where candles do very little and traders refresh the chart often — 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.