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XRP Tests Support Near $1.05-$1.10 After 1.8% Session Decline
XRP fell from $1.1313 to $1.1109 over 24 hours ending June 23. The token remained inside a June trading range while ETFs recorded fresh inflows.
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XRP traded between $1.1313 and $1.1109 during the 24-hour session ending June 23, a decline of 1.8 percent, CoinDesk reported. The move left the token testing support near $1.05 to $1.10 after most of June was spent inside a range bounded by overhead resistance and that same support level.
Volume spiked to 65.4 million XRP on June 22, 84 percent above average, during a reversal that carried price lower into the close.
XRP also lost support from the weekly Ichimoku cloud during the period. XRP ETFs recorded $2.4 million in net inflows on June 20. Institutional demand through ETFs remained resilient even as network activity on the XRP ledger softened and futures open interest and positioning drifted lower in recent weeks.
Retail sentiment toward XRP weakened during the same stretch. Combined centralized-exchange trading volume fell 3.45 percent to $4.41 trillion in May, the lowest level since September 2024, according to CoinDesk Research. RWA perpetual futures volumes rose 10.4 percent in May to a new all-time high.
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