XRP briefly surpassed a significant resistance level before sellers intervened, as increasing trading volume indicated that traders were more inclined to reduce positions than to take on additional risk.
By Shaurya Malwa Jun 17, 2026, 4:39 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP’s fleeting rise above $1.25 was quickly undone by substantial selling, pushing the price back to the crucial $1.22–$1.23 range, indicating that the market is still processing the supply from the recent downturn.
- Despite a 3.3% decline throughout the day and a failed recovery attempt near $1.223, XRP continues to hover above the important $1.20 breakout level, suggesting that the overall recovery remains intact but has weakened.
- Market participants are now eyeing $1.20 as critical support, with $1.223 and $1.25 serving as immediate resistance levels that will clarify whether the current pullback is merely profit-taking or the onset of a more significant reversal.
XRP's rise above $1.25 was short-lived, as sellers quickly emerged to push the price back below $1.23 on some of the highest trading volume of the session, transforming what appeared to be a breakout into a reminder of the market's struggle to absorb the supply resulting from the recent selloff.
News Background
• XRP ETF products saw inflows for the second consecutive week, totaling $10.68 million, bringing the total inflows to approximately $1.44 billion.
• The Upbit exchange in South Korea accounted for a significant portion of XRP trading, with wallet-flow dominance increasing from 13% to 31% in the week ending June 14.
• Ripple has been broadening its payments infrastructure, including recent developments related to RLUSD and cross-border settlement initiatives.
Price Action Summary
• XRP's price dropped from $1.2619 to $1.2205 in a 24-hour period, marking a 3.3% decrease.
• The selling pressure intensified during the afternoon session, with trading volume reaching 87.5 million XRP and breaking support near $1.2240.
• An attempted recovery later peaked at $1.223 before sharply reversing, solidifying that level as near-term resistance.
Technical Analysis
• A significant factor was the breach of the $1.22-$1.23 range, which traders had been monitoring after XRP's rise above $1.20 earlier in the week.
• Trading volume increased during the decline rather than the rebound, indicating that sellers maintained control for most of the session.
• The unsuccessful bounce near $1.223 emphasized the downward trend that has developed since XRP was turned back near $1.25.
• Even with the recent pullback, XRP remains above the $1.20 breakout zone, leaving the broader recovery framework compromised but not entirely broken.
What traders should watch
• The $1.20 level is crucial at this point; a drop below it could lead to a deeper decline toward $1.15.
• $1.223 is immediate resistance following the rejection of the latest recovery attempt.
• Beyond that, traders will focus on $1.25, the point where the recent rally stalled.
• A return above $1.25 would indicate that the recent selloff was profit-taking rather than the beginning of a more extensive reversal.
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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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