Intense selling pressure has driven XRP below a significant support level, further solidifying a downtrend that has consistently hindered recoveries near $1.25.
By Shaurya Malwa Jun 19, 2026, 5:14 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP dropped 3.4% to around $1.15, breaching the crucial support level of $1.15 on significant volume after another unsuccessful attempt to surpass a longstanding descending trendline near $1.25.
- This sell-off was marked by a volume spike approximately 170% above the average around 15:00 UTC, with buyers attempting to step in near $1.13 but failing to reclaim the broken $1.15 level by the end of the session.
- Traders currently view $1.15 as the initial barrier for bulls, while support is gathered between $1.13 and $1.10, and resistance lies from $1.17 to $1.25, as XRP continues to trade within a year-long symmetrical triangle.
XRP retraced some of its gains from the previous week on Wednesday, as sellers pushed the token below the $1.15 support level, a threshold traders had been monitoring since the recent rise above $1.20.
This decline occurred with one of the highest volumes of the session and followed another rejection beneath the descending trendline that has limited every recovery attempt for several months.
News Background
• XRP continues to be influenced by increasing anticipation surrounding U.S. cryptocurrency legislation and a market that seems to prioritize technical indicators over broader narratives.
• Market participants are also observing the year-long symmetrical triangle that has constrained price movements between support around $1.10 and resistance near $1.25.
Price Action Summary
• XRP's price fell from $1.1873 to $1.1465 over the 24-hour period, reflecting a 3.4% decrease.
• The most significant selling pressure occurred around 15:00 UTC when trading volume surged to 134.2 million XRP, approximately 170% above the average, resulting in the breach of support at $1.1550.
• Buyers appeared near $1.13, helping to push XRP back toward $1.15 as the session concluded, but the rebound was insufficient to reclaim the broken support.
Technical Analysis
• The critical event was the loss of the $1.15 level, which had served as support following last week's breakout, now at risk of becoming resistance.
• XRP has repeatedly failed to breach the descending trendline near $1.25, reinforcing its status as a key level on the chart.
• The volume increased during the selloff rather than during the recovery, indicating that sellers maintained control despite the late-session rebound.
• The overall setup continues to suggest a market compressing between support near $1.10 and resistance around $1.25, with the range tightening as the triangle nears its apex.
What traders should watch
• $1.15 is now the first level bulls need to regain to stabilize momentum.
• Support is located near $1.13-$1.14, followed by a significant support level around $1.10.
• Resistance remains clustered between $1.17 and $1.25, where recent recovery attempts have repeatedly faltered.
• A breakthrough above $1.25 would shift the current dynamics. Until that happens, traders are likely to regard rallies as resistance tests rather than the beginning of a new upward 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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