XRP steadies above $1.10 as oversold bounce meets seller…

XRP recovered 1.6% from four-month lows near $1.09, climbing back toward $1.14 during the session, but the token remains trapped inside a descending channel with every rally still running into sellers. The strongest move came at 22:00 UTC when volume surged to 145.3 million XRP and briefly pushed price through resistance near $1.1350, before momentum faded and XRP slipped back to $1.1386.

Why it matters

Beneath the choppy price action, the structural signals are mixed but worth watching. More than 25 million XRP left exchanges in recent days — a pattern that historically points toward accumulation rather than distribution. XRP-linked ETF products recorded roughly $118 million in inflows during May alone, with cumulative inflows now approaching $1.4 billion. That combination of exchange outflows and steady ETF demand suggests patient buyers are building positions even as short-term traders continue de-risking. The RSI has fallen to one of its most oversold readings since before the November 2024 rally, a level that previously preceded significant recoveries.

Market impact

The $1.13 to $1.14 range is now the key near-term support zone following the latest recovery, with $1.15 acting as the first meaningful resistance and the upper boundary of the current descending channel. A sustained move above $1.20 would be the first signal that XRP is beginning to repair the damage from its recent 17% weekly decline. Failure to hold $1.10, however, would likely shift trader focus toward the psychologically significant $1.00 level as the next downside target.