XRP is running out of space. After spending most of June stuck between overhead resistance and support near $1.10, the token is once again testing the bottom of its range.
While the latest drop was small, the inability to take advantage of recent bounces has left traders focused on whether buyers defend support or finally give 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 eye the one-year downtrend from XRP’s 2025 highs, with several identifying between $1.28 and $1.30 as the level needed to change the broader structure.
• Network activity has softened in recent weeks, while futures positioning and open interest have declined.
Price Action Summary
• XRP fell from $1.1313 to $1.1109 during the 24-hour session, losing 1.8%.
• The strongest selling occurred during a reversal on June 22 when volume jumped to 65.4 million XRP, about 84% above average.
• The price spent most of the session moving lower before testing support near $1.10 at the close.
Technical analysis
• The market remains trapped within the same range that has defined trading for much of June.
