Jun 19, 2026, 5:14 a.m.
2 min read
Summary
- XRP slid 3.4 percent to about $1.15, breaking key support at $1.15 on heavy volume after another failed attempt to clear a long-running descending trendline near $1.25.
- The sell-off was driven by a volume spike roughly 170 percent above average around 15:00 UTC, with buyers stepping in near $1.13 but unable to reclaim the broken $1.15 level into the close.
- Traders now see $1.15 as the first hurdle for bulls, with support clustered between $1.13 and $1.10 and resistance stacked from $1.17 to $1.25 as XRP continues to trade within a year-long symmetrical triangle.
XRP gave back more of last week's rally on Wednesday after sellers pushed the token through $1.15 support, a level traders had been watching since the recent move above $1.20.
The decline came on some of the session's heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months.
News Background
• XRP remains caught between growing expectations for U.S. crypto legislation and a market that continues to prioritize technical levels over narrative.
• Traders are also watching the year-long symmetrical triangle that has compressed price action between support near $1.10 and resistance around $1.25.
Price Action Summary
• XRP fell from $1.1873 to $1.1465 during the 24-hour session, losing 3.4%.
• The sharpest selling arrived around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average, breaking support at $1.1550.
• Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim broken support.
Technical Analysis
• The key development was the loss of $1.15. That level had acted as support following last week's breakout and now risks turning into resistance.
• XRP has now failed multiple times below the descending trendline near $1.25, reinforcing it as the most important level on the chart.
• Volume expanded during the selloff rather than the recovery, suggesting sellers remained in control despite the late-session bounce.
• The broader setup continues to resemble a market compressing between support near $1.10 and resistance near $1.25, with the range narrowing as the triangle approaches its apex.
What traders should watch
• $1.15 is now the first level bulls need to reclaim to stabilize momentum.
• Support sits near $1.13-$1.14, followed by the larger floor around $1.10.
• Resistance remains clustered between $1.17 and $1.25, where recent recovery attempts have repeatedly failed.
• A break above $1.25 would change the conversation. Until then, traders are likely to view rallies as tests of resistance rather than the start of a new uptrend.
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