Jun 22, 2026, 5:17 a.m.

2 min read

(CoinDesk Data)

Summary

  • XRP briefly broke below key support near $1.13 on heavy volume before rebounding toward $1.15, keeping the token within its monthlong trading range.
  • The swift recovery from a session low around $1.12 suggests buyers remain active in the $1.10 to $1.15 support zone, even as short-term resistance holds near $1.15.
  • Traders are watching for a sustained break outside the broader $1.10 to $1.30 range, which could offer the first clear directional signal for XRP in weeks.

XRP briefly broke below a closely watched support level on Sunday before buyers stepped in.

The token fell to roughly $1.12 on some of the session's heaviest volume, then rebounded toward $1.15 within hours, leaving traders focused less on the decline itself and more on whether the latest test of support signals accumulation or another pause in a broader downtrend.

News Background

• XRP continues to trade inside the same broad $1.10-$1.30 range that has contained price action for most of June.

• Analysts remain split between viewing the range as a base-building phase and a continuation pattern within a larger downtrend.

Price Action Summary

• XRP fell from $1.1451 to $1.1383 during the 24-hour session, a decline of roughly 0.6%.

• Selling accelerated around 21:00 UTC when volume surged to 85.8 million XRP, pushing price down to a session low near $1.1213.

• Buyers quickly absorbed the move, driving XRP back toward $1.148 and recovering most of the breakdown before consolidation set in.

Technical Analysis

• The initial break below $1.1385 looked significant, particularly because it occurred on the largest volume spike of the session.

• The recovery was equally important. XRP reclaimed nearly 80% of the decline and returned to the middle of its recent range.

• The failure to hold below $1.13 suggests buyers remain active inside the broader $1.10-$1.15 support zone.

• At the same time, the rebound stalled near $1.147-$1.149, reinforcing that area as short-term resistance.

What traders should watch

• $1.13-$1.14 remains the immediate battleground after absorbing the latest wave of selling.

• Resistance sits near $1.147-$1.15, where the rebound lost momentum.

• The broader range remains intact between roughly $1.10 and $1.30.

• A sustained move outside either side of that range would likely provide the first meaningful directional signal XRP traders have seen in weeks.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10

Read full story at CoinDesk