XRP’s push towards $1.25 ran into the same problem that has limited every rally since the spring sell-off: sellers waiting on top. After briefly trading above $1.22, the token lost the $1.20 level due to heavy volume and spent the rest of the session trying to stabilize above support near $1.18.
The pullback doesn’t completely undo last week’s breakout, but it does show that buyers still have work to do before the market can challenge higher resistance levels.
News background
• XRP remains in the spotlight after recent ETF inflows and growing institutional participation helped fuel last week’s rally above $1.20.
• Analysts continue to observe the demand zone between $1.11 and $1.15 that began the last recovery, considering it as the line that separates a correction from a major breakout.
• Longer-term charts still show XRP trading below the major moving averages despite the rally from early June lows.
Price Action Summary
• XRP fell from $1.2170 to $1.1869 during the 24-hour session, losing 2.5%.
• Selling intensified during the session on June 17 at 19:00 UTC, when volume increased to 128.7 million XRP, more than double normal levels, breaking the support at $1.20.
• The token subsequently found buyers near $1.1750 and recovered modestly through the close, staying above the session low of $1.1747.
Technical analysis
• The loss of $1.20 is the key event. That level had acted as support after XRP broke above $1.14 and $1.18 earlier in the week.
