coindesk.com
$XRP's push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18.
The pullback doesn't fully undo last week's breakout, but it does show buyers still have work to do before the market can challenge higher resistance levels.
News Background
• $XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week's rally above $1.20.
• Analysts continue to watch the $1.11-$1.15 demand zone that launched the latest recovery, viewing it as the line separating a correction from a larger breakdown.
• Longer-term charts still show $XRP trading beneath major moving averages despite the rebound 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 June 17 19:00 UTC session when volume surged to 128.7 million $XRP, more than double normal levels, breaking support at $1.20.
• The token later found buyers near $1.1750 and recovered modestly into the close, holding above the session low of $1.1747.
Technical Analysis
• The loss of $1.20 is the key development. That level had acted as support after $XRP's breakout above $1.14 and $1.18 earlier in the week.
• Volume expanded during the decline, suggesting the move was driven by active selling rather than a lack of buyers.
• Despite the weakness, $XRP avoided a more serious breakdown by holding the $1.17-$1.18 area, where buyers absorbed selling pressure and produced a late-session rebound.
• The broader structure remains mixed. $XRP is still trading above the $1.11-$1.15 demand zone that sparked the recent rally, but remains below the larger resistance band near $1.25.
What traders should watch
• $1.1750-$1.1850 is now the immediate support zone after absorbing the latest selloff.
• $1.20 becomes the first resistance level bulls need to reclaim to regain momentum.
• Above that, traders will focus on $1.22 and then $1.25, where recent rallies have repeatedly stalled.
• A break below $1.1750 would increase the risk of a move back toward the $1.15 area, while a recovery above $1.20 would suggest the pullback was profit-taking rather than the start of a larger reversal.