CoinDesk
XRP slid 1.8% to $1.1109 over the 24-hour session, grinding back down to a support zone between $1.05 and $1.10 that has defined the bottom of its range for most of June. The latest leg lower followed a June 22 reversal on a volume spike of 65.4 million XRP, roughly 84% above average, before price stabilized into the close. The move leaves the token near the lower bound of a three-week range with neither bulls nor bears in control.
Why it matters
XRP recently lost support from the weekly Ichimoku cloud, a technical signal that has tilted the chart's broader structure bearish. The repeated visits to the $1.05–$1.10 zone are the real story: markets that keep returning to the same support either bounce hard or break, and the longer the compression, the larger the eventual move on whichever side resolves first. The bounce attempts since early June have failed to hold, leaving traders focused on whether buyers defend the floor one more time or finally give way.
Even as the price action softens, XRP ETFs pulled in $2.4 million in fresh inflows on June 20, extending a run of institutional buying that has held up against weakening retail sentiment, softer network activity, and drifting futures positioning. That divergence between institutional demand and on-chain momentum is the kind of split that often resolves when the chart does.
Market impact
A clean break below $1.05 would refocus the market on the $1.00 psychological level, with little visible support between the two zones. On the upside, XRP needs to push through roughly $1.18 before traders entertain a move back toward the $1.20–$1.30 area that several analysts have flagged as the level needed to break the year-long downtrend from 2025 highs. Until one side yields, XRP remains a range story rather than a trend story, and the next decisive volume spike is likely to set the direction for the rest of the quarter.
Frequently asked questions
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Why is XRP testing the $1.05–$1.10 support zone right now?
XRP has spent most of June range-bound between overhead resistance and support near $1.10. Repeated failures to build on rebound attempts have brought the token back to that floor, where buyers have stepped in so far.
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What would a break below $1.05 mean for XRP?
A clean break below $1.05 would refocus traders on the $1.00 psychological level, with limited visible support between the two zones. The longer the range compresses before resolving, the larger the eventual move tends to be on the breaking side.
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What level does XRP need to reclaim to break its bearish structure?
XRP needs to push through roughly $1.18 before traders entertain a move toward $1.20–$1.30. Several analysts have flagged that zone as the level required to break the year-long downtrend from 2025 highs.
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Are XRP ETFs still seeing inflows during the price weakness?
Yes. XRP ETFs pulled in $2.4 million in fresh inflows on June 20, extending a streak of institutional buying that has held up even as retail sentiment, network activity, and futures positioning have softened.
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What technical signals are traders watching on the XRP chart?
The repeated tests of $1.05–$1.10 and the recent loss of weekly Ichimoku cloud support are the two main signals. Volume remains subdued outside isolated spikes, suggesting neither bulls nor bears have fully taken control.
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