Weak trading volume and diminishing momentum have kept XRP near the lower end of its recent trading range, with the $1.05-$1.10 level becoming a critical market threshold.
By Shaurya Malwa Jun 23, 2026, 6:27 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP is once again testing significant support levels between $1.05 and $1.10 after a month of trading within a defined range, experiencing a 1.8% decline in the latest session.
- Institutional interest remains strong, as XRP ETFs have seen $2.4 million in new inflows despite a decrease in network activity, futures positioning, and retail sentiment.
- Market participants are closely observing for a significant breakout, as a drop below $1.05 could shift focus to the $1.00 mark, while a rise above approximately $1.18 to $1.30 is necessary to alter the prevailing bearish trend.
XRP is nearing a critical juncture. Following a month of fluctuating between resistance levels and support around $1.10, the token is again testing the lower boundary of its trading range.
Although the recent drop was minor, traders are now contemplating whether buyers will support the price or if they will finally concede after weeks of market compression.
News Background
• XRP ETFs brought in an additional $2.4 million in inflows on June 20, continuing a trend of institutional buying amid a decline in retail sentiment.
• Analysts are monitoring the ongoing downtrend from XRP's 2025 peaks, with many indicating that reclaiming the $1.28-$1.30 range is crucial for a structural shift.
• Recent weeks have seen a decline in network activity, alongside lower futures positioning and open interest.
Price Action Summary
• XRP's price dropped from $1.1313 to $1.1109 within a 24-hour period, marking a 1.8% decrease.
• The most significant selling pressure occurred during a reversal on June 22, where trading volume surged to 65.4 million XRP, approximately 84% above the average.
• Most of the session saw prices gradually decline before testing support near $1.10 by the close.
Technical Analysis
• The market remains confined within the same range that has characterized trading throughout June.
• XRP recently lost support from the weekly Ichimoku cloud, contributing to a cautious outlook in the market.
• A key development is the persistent testing of the $1.05-$1.10 zone. Markets that frequently revisit support will either rebound sharply or break down.
• Trading volume remains relatively low outside of sporadic spikes, indicating that neither bulls nor bears have fully taken control.
What Traders Should Watch
• The $1.05-$1.10 range is the most critical support area on the chart.
• A breach below this level would likely redirect attention to the psychological $1.00 threshold.
• On the upside, XRP needs to reclaim the $1.18 level for traders to consider a potential move back toward $1.20-$1.30.
• Until one side gains the upper hand, XRP's narrative remains one of range trading rather than a definitive trend.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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