XRP’s push toward $1.25 ran into the same problem that has limited every rally since the spring sell-off: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level due to heavy volume and spent the rest of the session trying to stabilize above the near support at $1.18.
The pullback doesn’t completely undo last week’s breakout, but it shows that buyers still have work to do before the market can challenge higher resistance levels.
News context
• XRP remains in focus after recent ETF inflows and growing institutional participation helped propel last week’s rally above $1.20.
• Analysts continue to monitor the $1.11 to $1.15 demand zone that launched the latest rally, viewing it as the line separating a correction from a broader breakout.
• Longer-term charts still show XRP trading below major moving averages despite rebounding from early June lows.
Price Action Summary
• XRP fell from $1.2170 to $1.1869 during the 24-hour session, losing 2.5%.
• Selling intensified during the June 17 session at 19:00 UTC, when volume surged to 128.7 million XRP, more than double normal levels, breaking support at $1.20.
• The token then found buyers near $1.1750 and rallied slightly to the close, holding above the session low of $1.1747.
Technical analysis
• The loss of $1.20 is the key development. This level served as support after XRP broke above $1.14 and $1.18 earlier in the week.
