XRP came under heavy selling pressure over the weekend, briefly dropping to session lows before strong buying interest pushed the price back into its established range.
The token dipped below a key support level on Sunday, but buyers quickly stepped in to absorb the downside move.
Prices fell to around $1.12 on one of the session’s highest volume spikes, then rebounded toward $1.15 within hours. The focus has now shifted from the drop itself to whether repeated support holds signal accumulation or simply a pause in a broader downtrend.
News Background
• XRP continues to trade within a wide $1.10–$1.30 range that has defined most of June’s price action.
• Market sentiment remains split, with some analysts viewing the range as consolidation, while others see it as continuation within a larger bearish trend.
Price Action Summary
• XRP slipped from $1.1451 to $1.1383 over the past 24 hours, a decline of roughly 0.6%.
• Selling intensified around 21:00 UTC, with volume surging to 85.8 million XRP and pushing price to a session low near $1.1213.
• Buyers quickly reversed the move, lifting XRP back toward $1.148 and recovering most of the losses before the market stabilized.
Technical Analysis
• The break below $1.1385 stood out due to the accompanying spike in volume.
• The rebound was equally notable, with XRP retracing nearly 80% of the decline and returning toward the midpoint of its range.
• The inability to hold below $1.13 suggests continued demand within the broader $1.10–$1.15 support zone.
• However, upside momentum faded near $1.147–$1.149, reinforcing that area as near-term resistance.
What Traders Should Watch
• The $1.13–$1.14 range remains the immediate battleground following the latest sell-off.
• Resistance sits near $1.147–$1.15, where the rebound stalled.
• The broader $1.10–$1.30 range remains intact.
• A sustained breakout beyond either boundary would likely provide the first clear directional signal in weeks.
