XRP’s push above $1.25 lasted only a few hours. Sellers appeared near the highs and pushed the token back to $1.23 in some of the session’s highest volume, turning what looked like a breakout into a reminder that the market is still struggling to absorb the supply left by the recent sell-off.
News background
• XRP ETF products recorded a second consecutive week of inflows, attracting $10.68 million and bringing cumulative inflows to approximately $1.44 billion.
• South Korea’s Upbit exchange continued to account for a huge proportion of XRP activity after wallet flow dominance increased from 13% to 31% in the week to June 14.
• Ripple continued to expand its payments infrastructure, including recent activity linked to RLUSD and cross-border settlement initiatives.
Price Action Summary
• XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.
• Selling accelerated during the afternoon session as volume increased to 87.5 million XRP, breaking support near $1.2240.
• A late recovery attempt reached $1,223 before reversing sharply, reinforcing that area as short-term resistance.
Technical analysis
• The key development was the loss of the $1.22-$1.23 area, which traders had been watching after XRP’s rally above $1.20 earlier in the week.
