XRP’s surge above $1.25 lasted only a few hours. Sellers showed up near the highs and pushed the token back down to $1.23 on some of the heaviest volume of the session, turning what looked like a breakout into a reminder that the market is still struggling to absorb the supply left by the recent sell-off.
News context
• XRP ETF products recorded a second consecutive week of inflows, attracting $10.68 million and bringing cumulative inflows to approximately $1.44 billion.
• South Korea’s Upbit exchange continued to account for an outsized share of XRP activity after wallet flow dominance increased from 13% to 31% in the week through June 14.
• Ripple has continued to expand its payments infrastructure, including its recent activities related to RLUSD and cross-border settlement initiatives.
Price Action Summary
• XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.
• Selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240.
• A late recovery attempt reached $1.223 before reversing sharply, strengthening this area as near-term resistance.
Technical analysis
• The key development was the loss of the $1.22-1.23 area, which traders were watching after XRP’s rally above $1.20 earlier in the week.
