coindesk.com
$XRP briefly broke below a closely watched support level on Sunday before buyers stepped in.
The token fell to roughly $1.12 on some of the session's heaviest volume, then rebounded toward $1.15 within hours, leaving traders focused less on the decline itself and more on whether the latest test of support signals accumulation or another pause in a broader downtrend.
News Background
• $XRP continues to trade inside the same broad $1.10-$1.30 range that has contained price action for most of June.
• Analysts remain split between viewing the range as a base-building phase and a continuation pattern within a larger downtrend.
Price Action Summary
• $XRP fell from $1.1451 to $1.1383 during the 24-hour session, a decline of roughly 0.6%.
• Selling accelerated around 21:00 UTC when volume surged to 85.8 million $XRP, pushing price down to a session low near $1.1213.
• Buyers quickly absorbed the move, driving $XRP back toward $1.148 and recovering most of the breakdown before consolidation set in.
Technical Analysis
• The initial break below $1.1385 looked significant, particularly because it occurred on the largest volume spike of the session.
• The recovery was equally important. $XRP reclaimed nearly 80% of the decline and returned to the middle of its recent range.
• The failure to hold below $1.13 suggests buyers remain active inside the broader $1.10-$1.15 support zone.
• At the same time, the rebound stalled near $1.147-$1.149, reinforcing that area as short-term resistance.
What traders should watch
• $1.13-$1.14 remains the immediate battleground after absorbing the latest wave of selling.
• Resistance sits near $1.147-$1.15, where the rebound lost momentum.
• The broader range remains intact between roughly $1.10 and $1.30.
• A sustained move outside either side of that range would likely provide the first meaningful directional signal $XRP traders have seen in weeks.