XRP’s push above $1.25 lasted only a few hours. Sellers showed up near the highs and drove the token back through $1.23 on some of the session’s heaviest volume, turning what looked like a breakout into a reminder that the market is still struggling to absorb supply left behind by the recent selloff.
News Background
• XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion.
• South Korea’s Upbit exchange continued to account for an outsized share of XRP activity after wallet-flow dominance climbed from 13% to 31% in the week through June 14.
• Ripple continued expanding its payments infrastructure, including recent activity tied to RLUSD and cross-border settlement initiatives.
Price Action Summary
• XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.
• Selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240.
• A late recovery attempt reached $1.223 before reversing sharply, reinforcing that area as near-term resistance.
Technical Analysis
• The key development was the loss of the $1.22-$1.23 area, which traders had been watching after XRP’s rally above $1.20 earlier in the week.