XRP is running out of space. After spending most of June caught between resistance overhead and support near $1.10, the token is once again testing the bottom of its range.
While the recent decline was small, the inability to build on recent gains has left traders focused on whether buyers are defending support or finally giving in after weeks of compression.
News background
• XRP ETFs attracted another $2.4 million in inflows on June 20, extending a streak of institutional buying even as retail sentiment weakened.
• Analysts continue to see the year-long downtrend from XRP’s 2025 highs, with several identifying $1.28-$1.30 as the necessary level to change the broader structure.
• Network activity has slowed in recent weeks, while futures positioning and open interest have decreased.
Summary of price action
• XRP fell from $1.1313 to $1.1109 during the 24-hour session, losing 1.8%.
• The sharpest selling came during a reversal on June 22, when volume jumped to 65.4 million XRP, approx. 84% above average.
• Price spent most of the session grinding lower before testing support near $1.10 to close.
Technical Analysis
• The market remains trapped within the same range that has defined trading for most of June.
