XRP managed to hold the $1.10 area, which is important after last week’s sharp collapse, but the recovery still looks tentative. Institutional money continues to flow into XRP-linked products and futures activity has increased sharply, but the price remains stuck near multi-month lows as bitcoin and the broader market recover more aggressively.
News background
• XRP-linked investment products attracted another $6.75 million in inflows, bringing cumulative ETF inflows to approximately $1.44 billion.
• The update to version 3.2.0 of XRP Ledger is scheduled for June 15 and is expected to reduce server memory requirements by approximately 40% while also renaming the core software from “rippled” to “xrpld.”
• Futures activity increased to approximately $5 billion during the session, even as open interest remained near cycle lows, suggesting traders are actively repositioning rather than building long-term convictions.
Price Action Summary
• XRP gained 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, when heavy volume pushed the price through resistance around $1.1114 and briefly lifted XRP above $1.12.
• Previous rally attempts were rejected near $1.1352, leaving that level as the clearest near-term resistance zone.
Technical analysis
• The most important takeaway is that XRP remains weak relative to the broader market. While the token posted a small gain, it underperformed major crypto benchmarks by almost two percentage points.
• The late session break above $1.11 was constructive, but occurred within a much larger downtrend that remains intact.
• Futures markets are sending mixed signals. The increased volume points to renewed trader interest, while the moderate open interest suggests that many participants are still reducing risk rather than aggressively increasing 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 should keep in mind
• $1.10 remains the key support level. Staying above keeps the recent stabilization attempt intact.
• $1.12-1.13 is the first resistance zone, followed by $1.1352, where the latest rally stalled.
• A move above $1.26 would begin to repair the chart significantly and shift the focus back towards the $1.30-1.40 region.
• If XRP loses support between $1.05 and $1.10, traders will likely start discussing a move towards the psychologically important $1.00 level again.
