Significant selling pressure pushed XRP below a closely monitored support level, although buyers entered the market above $1.17 to avert a more substantial decline.
By Shaurya Malwa Jun 18, 2026, 5:08 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP declined 2.5 percent to around $1.19 after a brief rise above $1.22, as significant selling pressure forced the token back under the crucial $1.20 mark.
- Buyers entered the market near $1.18, maintaining prices above the $1.17–$1.18 support area and preserving last week's breakout from the $1.11–$1.15 demand range.
- Market participants are monitoring $1.20 as immediate resistance and $1.1750 as critical support; a breach below could lead to a decline toward $1.15, while a recovery above would indicate mere profit-taking instead of a major reversal.
XRP's attempt to reach $1.25 faced the same obstacle that has hindered previous rallies since the spring downturn: sellers positioned above. After a short period above $1.22, the token dropped below $1.20 on high trading volume and spent the remainder of the session seeking stability above $1.18 support.
This pullback does not completely negate last week’s breakout but indicates that buyers must continue their efforts before challenging higher resistance levels.
Background Information
• XRP has garnered attention following recent ETF inflows and increased institutional interest, which contributed to last week's surge above $1.20.
• Analysts are closely observing the $1.11-$1.15 demand zone, which initiated the latest recovery, viewing it as a threshold that distinguishes between a minor correction and a broader breakdown.
• Long-term charts indicate that XRP is still trading below key moving averages despite the rebound from the lows of early June.
Price Movement Overview
• XRP fell from $1.2170 to $1.1869 in the previous 24-hour period, marking a 2.5% decline.
• The selling pressure peaked during the June 17 session at 19:00 UTC, with volume reaching 128.7 million XRP, more than double the usual levels, breaking the support at $1.20.
• The token later found buyers near $1.1750 and made a modest recovery by the session's end, maintaining above the session low of $1.1747.
Technical Insights
• The drop below $1.20 is a significant event. This level had previously served as a support after XRP's breakout above $1.14 and $1.18 earlier in the week.
• The increase in volume during the decline indicates the move was propelled by active selling rather than a lack of buyers.
• Despite the recent weakness, XRP avoided a more severe downturn by holding in the $1.17-$1.18 range, where buyers managed to absorb selling pressure and facilitated a late-session bounce.
• The overall market structure remains mixed. XRP is still trading above the $1.11-$1.15 demand zone that triggered the recent rally, yet it remains below the significant resistance range near $1.25.
What Traders Should Monitor
• The $1.1750-$1.1850 area is now the immediate support zone following the latest selloff.
• $1.20 is the first resistance level that bulls must reclaim to regain upward momentum.
• Beyond that, traders will look to $1.22 and then $1.25, where recent attempts have consistently faced resistance.
• A decline below $1.1750 would heighten the risk of a move back toward the $1.15 level, while a recovery above $1.20 would imply that the pullback was merely profit-taking rather than signaling a larger trend reversal.