CoinDesk
XRP recovered 1.6% over the session to around $1.14, bouncing from four-month lows near $1.09 as buyers defended the $1.10 area, though the token remains trapped below key resistance inside a broader descending channel. The strongest move came during the 22:00 UTC session, when volume surged to 145.3 million XRP and pushed price through resistance near $1.1350; momentum then faded into the close, with XRP slipping from $1.1488 to $1.1386 before buyers stepped back in near support. RSI has fallen to one of its most oversold readings since before the November 2024 rally, a sign that selling pressure may be exhausting — but the bigger picture is still lower highs.
Why it matters
The accumulation signals underneath the surface are hard to ignore. More than 25 million XRP left exchanges in recent days, a pattern that typically points to holder accumulation rather than imminent selling, and XRP-linked ETF products continued attracting capital with roughly $118 million in inflows during May and cumulative inflows approaching $1.4 billion. Yet price action is telling a different story: every bounce is running into sellers, and the recovery looks more like bottom-fishing than the start of a new rally. XRP bounced from levels last seen before its November 2024 breakout, putting the entire post-election advance in jeopardy if $1.00 fails to hold.
Market impact
Traders are now watching a tight band that will likely decide the next leg. Support sits at $1.13 to $1.14, with $1.15 marking the first meaningful resistance and the upper boundary of the descending channel; a clean break above $1.20 would be the first signal that XRP is repairing the damage from its recent 17% weekly decline. If $1.10 fails again, focus shifts to the psychologically important $1.00 level as the next downside target. With deeply oversold momentum, multi-million-token exchange outflows, and a steady ETF bid all colliding against persistent distribution, XRP is at an inflection point — the next move likely comes from whichever side breaks first.
Frequently asked questions
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What level is XRP currently trading at?
XRP bounced 1.6% over the session to around $1.14, recovering from four-month lows near $1.09 after buyers defended the $1.10 support area.
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Is XRP in an oversold bounce or starting a new uptrend?
The bounce resembles bottom-fishing rather than a trend change. RSI is at one of its most oversold readings since before the November 2024 rally, but XRP remains trapped inside a descending channel with every rally still running into sellers.
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What do exchange outflows and ETF inflows say about XRP?
More than 25 million XRP left exchanges in recent days, typically a sign of holder accumulation. XRP-linked ETF products pulled in roughly $118 million during May, with cumulative inflows approaching $1.4 billion.
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What price levels should XRP traders watch next?
Support sits at $1.13 to $1.14, with $1.15 as the first meaningful resistance and the upper boundary of the descending channel. A break above $1.20 would signal a repair; if $1.10 fails, $1.00 becomes the next downside target.
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How much did XRP fall before this bounce?
XRP suffered a 17% weekly decline heading into the bounce, falling to levels last seen before its November 2024 breakout before buyers stepped in near $1.09.
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