XRP briefly broke below a closely watched support level on Sunday before buyers stepped in.
The token fell to around $1.12 on some of the heaviest volume of the session, then bounced back towards $1.15 within hours, leaving traders focused less on the drop itself and more on whether the latest test of support signals accumulation or another break in a broader downtrend.
News background
• XRP continues to trade within the same broad $1.10-$1.30 range that has contained price action for most of June.
• Analysts remain divided between viewing the range as a base building phase and a continuation pattern within a larger downtrend.
Summary of price action
• XRP fell from $1.1451 to $1.1383 during the 24-hour session, a decrease of approx. 0.6%.
• Sales accelerated around 21:00 UTC as volume rose to 85.8 million XRP, pushing the price down to a session low near $1.1213.
• Buyers quickly absorbed the move, bringing XRP back towards $1,148 and retrieving most of the collapse before consolidation set in.
Technical Analysis
• The initial break below $1.1385 looked significant, especially because it occurred on the session’s biggest volume surge.
