XRP’s push above $1.25 only lasted a few hours. Sellers emerged near the highs and drove the token back through $1.23 on some of the heaviest volume of the session, turning what looked like a breakout into a reminder that the market is still struggling to absorb supplies left by the recent selloff.
News background
• XRP ETF products recorded a second straight week of inflows, attracting $10.68 million, raising cumulative inflows to around $1.44 billion.
• South Korea’s Upbit exchange continued to account for an overall share of XRP activity after wallet flow dominance increased from 13% to 31% in the week to 14 June.
• Ripple continued to expand its payments infrastructure, including recent activities linked to RLUSD and cross-border settlement initiatives.
Summary of price action
• XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.
• Selling accelerated during the afternoon session as volume rose to 87.5 million XRP, breaking support near $1.2240.
• A late recovery attempt reached $1,223 before reversing sharply, reinforcing this area as near-term resistance.
Technical Analysis
• The key development was the loss of the $1.22-$1.23 range that traders had seen following XRP’s rally above $1.20 earlier this week.
