XRP’s push toward $1.25 ran into the same problem that has limited every rally since the spring sell-off: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18.
The pullback doesn’t completely undo last week’s breakout, but it does show that buyers still have work to do before the market can challenge higher resistance levels.
News background
• XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week’s rally above $1.20.
• Analysts continue to view the $1.11-$1.15 demand zone that launched the recent rally as the line that separates a correction from a major collapse.
• Long-term charts still show XRP trading below major moving averages despite the recovery from the early June lows.
Summary of price action
• XRP fell from $1.2170 to $1.1869 during the 24-hour session, losing 2.5%.
• Selling intensified during the session on June 17 at 19:00 UTC as volume rose to 128.7 million XRP, more than double normal levels, breaking support at $1.20.
• The token later found buyers near $1.1750 and recovered modestly at the end, staying above the session low of $1.1747.
Technical Analysis
• The $1.20 loss is the key development. That level had acted as support after XRP’s breakout above $1.14 and $1.18 earlier this week.
