AI · CoinDesk
XRP slips 4% below $1.20 after breakout rally stalls near key resistance
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
XRP's push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead.
Key facts
- XRP fell from $1.2170 to $1.1869 during the 24-hour session, losing 2.5%
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- 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
- 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
Summary
Buyers stepped in near $1.18, keeping prices above the $1.17–$1.18 support zone and preserving last week’s breakout from the $1.11–$1.15 demand area. Traders are watching $1.20 as immediate resistance and $1.1750 as critical support, with a break below risking a retreat toward $1.15 and a recovery above signaling simple profit-taking rather than a deeper reversal. 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. • XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week's rally above $1.20.