[DigitalToday reporter Jinju Hong (홍진주)] An analysis says XRP's key support level has dropped to $0.91 rather than the $1 level the market has been watching. It says a recent sharp fall in the crypto market triggered mass forced liquidations, making actual technical support zones more important than psychological price levels.

U.Today, a blockchain outlet, reported on June 25 that XRP is trading around $1.03 even as the broader crypto market declines, but the lower Bollinger Band on the monthly chart points to $0.91.

The analysis focuses on the idea that the $1 level investors view as psychological support may differ from the actual technical support zone. On TradingView's monthly chart, the lower Bollinger Band shows XRP's practical support has shifted to around $0.91. U.Today analyzed that while $1 remains a symbolic level, it no longer carries the same strength from a technical perspective as it did in the past.

Broader market weakness is also supporting that view. Total crypto market capitalisation has fallen below $2 trillion, and XRP also dropped about 4 percent over 24 hours to trade around $1.03. The market is paying more attention to where actual buying emerges after mass liquidations than to defending a psychological price level.

Forced liquidations also increased downward pressure. Coinglass data show about $1.48 billion worth of positions were liquidated across the crypto market over the past 24 hours, affecting about 217,000 investors. Of that, long-position liquidations totalled $1.21 billion.

XRP was not an exception. Liquidations linked to XRP totalled about $39 million, with $38.8 million counted as long-position liquidations. The analysis says most buy positions that had expected gains were closed out, sharply weakening the supply-and-demand base that could support a short-term rebound.

A loss case involving a large investor also added to market anxiety. On Hyperliquid, a whale investor using the '0xf79C' wallet recorded a loss of about $8.42 million after forced liquidations of a $47.7 million bitcoin long position and a $28.5 million XRP long position. U.Today introduced it as one of the cases that symbolically shows the recent sharp downturn.

Technical analysis is also raising the possibility of further declines. XRP has remained in a downtrend after falling below $2.05, which had acted as the central axis of the previous range, and the next major support zone is $0.91, the lower end of a past volatility range, it said.

The outlet likened the defence around $1 to a "temporary dam" and analyzed that if selling pressure persists, a break below $1 would not be an unexpected event but a move that can be fully explained technically.

In the market, whether actual buying flows in around $0.91 is being cited as a more important variable than the $1 psychological line for the time being. Whether a new support level can form after mass forced liquidations is expected to be a key point to watch in determining XRP's short-term direction.