Despite heavy selling that pushed XRP to its lowest point over the weekend, robust buying quickly reversed much of the decline, bringing the token back into its recent trading range.
By Shaurya Malwa Jun 22, 2026, 5:17 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP momentarily dipped below the critical support level around $1.13 due to significant selling pressure, but quickly bounced back toward $1.15, maintaining its month-long trading range.
- The rapid recovery from a low of approximately $1.12 indicates that buyers are still active within the $1.10 to $1.15 support area, despite ongoing short-term resistance around $1.15.
- Market participants are keenly observing for a sustained breakout from the established $1.10 to $1.30 range, which could provide a clear directional indication for XRP after weeks of uncertainty.
XRP experienced a brief dip below a significant support level on Sunday, only to see buyers intervene promptly.
The token's price fell to about $1.12 amid one of the highest volumes of the session, but it rebounded to around $1.15 within hours, prompting traders to focus more on whether this support test indicates accumulation or merely a pause in a larger downtrend.
News Background
• XRP has remained within the same broad trading range of $1.10-$1.30 throughout most of June.
• Analysts are divided on whether this range represents a phase of building a base or a continuation pattern within a broader downtrend.
Price Action Summary
• Over the course of the 24-hour session, XRP's price fell from $1.1451 to $1.1383, reflecting a decline of roughly 0.6%.
• Selling intensified around 21:00 UTC, with volume reaching 85.8 million XRP, causing the price to drop to a session low near $1.1213.
• Buyers quickly stepped in, pushing XRP back toward $1.148 and recovering most of the loss before consolidation began.
Technical Analysis
• The initial dip below $1.1385 was notable, especially since it coincided with the highest volume spike of the session.
• Equally important was the recovery, as XRP reclaimed nearly 80% of its decline and returned to the center of its recent trading range.
• The inability to stay below $1.13 suggests that buyers are still active within the larger $1.10-$1.15 support zone.
• Conversely, the rebound halted around $1.147-$1.149, reinforcing that area as short-term resistance.
What Traders Should Watch
• The immediate battleground is between $1.13 and $1.14 after absorbing the recent selling pressure.
• Resistance is observed near $1.147-$1.15, where the rebound lost steam.
• The broader trading range remains intact, spanning approximately $1.10 to $1.30.
• A sustained move beyond either end of this range could provide the first significant directional signal for XRP traders in weeks.
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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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