Is the XRP Drop Over? Why the $1.11 Channel Floor Is Trapping the Bears

XRP (XRP/USDT) is holding its ground beautifully in a tight consolidation range, trading at $1.1157 on the hourly chart on June 11, 2026. While the broader cryptocurrency market has been choppy amid sticky macroeconomic signals, XRP is stepping into its own unique, fundamentally driven spotlight.