XRP managed to hold the $1.10 area, which means something after last week’s sharp crash, but the recovery still looks tentative. Institutional money continues to flow into XRP-related products and futures activity has picked up sharply, but the price remains near multi-month lows while bitcoin and the broader market recover more aggressively.
News background
• XRP-linked investment products attracted an additional $6.75 million in inflows, raising cumulative ETF inflows to around $1.44 billion.
• XRP Ledger’s version 3.2.0 upgrade is scheduled for June 15th and is expected to reduce server memory requirements by around 40% while also changing the core software from “rippled” to “xrpld”.
• Futures activity rose to around $5 billion during the session, although open interest remained near cycle lows, suggesting traders are actively repositioning rather than building long-term conviction.
Summary of price action
• XRP rose about 1% during the 24-hour session, rising to $1.1141 after recovering from lows near $1.11.
• The strongest move came late in the session as heavy volume pushed the price through resistance around $1.1114 and briefly lifted XRP above $1.12.
• Earlier attempts to rally were rejected near $1.1352, leaving that level as the clearest near-term resistance zone.
Technical Analysis
• The key takeaway is that XRP remains weak relative to the broader market. While the token posted a small gain, it underperformed the main crypto benchmarks by almost two percentage points.
• The late session above $1.11 was constructive, but it happened within a much larger downtrend that remains intact.
• The futures markets are sending mixed signals. Rising volume points to renewed trader interest, while muted open interest suggests many participants are still reducing risk rather than aggressively adding exposure.
• XRP remains below its 50-day, 100-day and 200-day moving averages, meaning the broader technical structure continues to favor sellers despite signs of stabilization.
What traders need to see
• $1.10 remains the key support level. Holding over it keeps the last stabilization attempt intact.
• $1.12-$1.13 is the first resistance zone, followed by $1.1352 where the recent rally stalled.
• A move above $1.26 would begin to meaningfully repair the chart and shift focus back towards the $1.30-$1.40 region.
• If XRP loses $1.05-$1.10 support, traders will likely start discussing a move towards the psychologically important $1.00 level again.
