CoinDesk
XRP slid 3.3% over the 24-hour session, falling from $1.2619 to $1.2205 as sellers absorbed a brief push above $1.25 and drove the token back through the $1.22–$1.23 zone on the session's heaviest volume. Afternoon trading saw 87.5 million XRP change hands when support near $1.2240 broke, and a late bounce to $1.223 reversed sharply — reinforcing that area as near-term resistance and locking in a lower-high structure since the rejection near $1.25.
Why it matters
The move flips the technical picture that traders had been working with since XRP reclaimed $1.20 earlier in the week. Volume expanded into the decline rather than the rebound, a textbook signal that sellers — not short-covering — drove the move. The fact that the failed bounce stalled almost exactly at $1.223 is the chart detail the market will trade against next.
Underlying flows are still constructive in spots: XRP ETF products logged a second straight week of inflows at $10.68 million, taking cumulative inflows to roughly $1.44 billion, and Ripple continues to push payments infrastructure tied to RLUSD and cross-border settlement. That backdrop is the reason the broader recovery is "damaged but not broken" — the structural bid is still present even as the tape gets offered.
Market impact
$1.20 is now the line. The price is holding above it, but a clean break raises the odds of a retracement toward $1.15 and would invalidate the breakout that launched the recent leg. Above the market, $1.223 and $1.25 are the levels buyers need to clear to argue this was profit-taking rather than the start of something larger.
Korea's Upbit remains an outsized share of activity after its wallet-flow dominance in XRP climbed from 13% to 31% in the week through June 14, which means a meaningful slice of the spot tape is being decided in a single venue — a setup that can amplify both legs of any move.
Frequently asked questions
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How much did XRP drop in the latest session?
XRP fell 3.3% over the 24-hour session, sliding from $1.2619 to $1.2205 as sellers drove the price back through the $1.22–$1.23 zone.
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What volume accompanied the XRP selloff?
Afternoon trading saw 87.5 million XRP change hands when support near $1.2240 broke, with volume expanding into the decline rather than the rebound.
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Why does the $1.20 level matter for XRP?
$1.20 marked the initial breakout zone earlier in the week. Holding it keeps the broader recovery structure intact, while a clean break raises the risk of a deeper retracement toward $1.15.
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Are XRP ETFs still seeing inflows despite the price drop?
Yes. XRP ETF products recorded a second straight week of inflows at $10.68 million, lifting cumulative inflows to roughly $1.44 billion.
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Why is Upbit's share of XRP activity notable?
Upbit's wallet-flow dominance in XRP climbed from 13% to 31% in the week through June 14, meaning a meaningful slice of spot trading is being decided in a single venue, which can amplify both legs of any move.
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