coindesk.com
$XRP's push above $1.25 lasted only a few hours. Sellers showed up near the highs and drove the token back through $1.23 on some of the session's heaviest volume, turning what looked like a breakout into a reminder that the market is still struggling to absorb supply left behind by the recent selloff.
News Background
• $XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion.
• South Korea's Upbit exchange continued to account for an outsized share of $XRP activity after wallet-flow dominance climbed from 13% to 31% in the week through June 14.
• Ripple continued expanding its payments infrastructure, including recent activity tied 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 when volume surged to 87.5 million $XRP, breaking support near $1.2240.
• A late recovery attempt reached $1.223 before reversing sharply, reinforcing that area as near-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.
• Volume expanded during the decline rather than the rebound, suggesting sellers remained in control throughout most of the session.
• The failed bounce near $1.223 reinforced the lower-high structure that has emerged since $XRP was rejected near $1.25.
• Despite the pullback, $XRP remains above the $1.20 area that marked the initial breakout zone, leaving the broader recovery structure damaged but not broken.
What traders should watch
• $1.20 is the level that matters most now. Losing it would raise the risk of a deeper retracement toward $1.15.
• $1.223 is immediate resistance after rejecting the latest recovery attempt.
• Above that, traders will watch $1.25, the level where the recent rally stalled.
• A move back above $1.25 would suggest the selloff was profit-taking rather than the start of a larger reversal.