XRP Sees Brief Breakdown at $1.14, Bulls Push Price Higher

XRP came under selling pressure over the weekend, briefly sliding to session lows before buyers stepped in to drive a quick recovery back into its established range.

The token dipped below a key support level on Sunday, but the move failed to hold as demand rapidly absorbed the selling.

Prices fell to around $1.12 on one of the session’s heaviest volume spikes, then rebounded toward $1.15 within hours. Focus has since shifted from the drop itself to whether repeated support tests indicate accumulation or simply a pause within a broader downtrend.

News Background
• XRP remains confined within a wide $1.10–$1.30 range that has dominated price action throughout June.

• Analysts are split, with some viewing the range as consolidation and others as a continuation pattern within a larger bearish trend.

Price Action Summary
• XRP slipped from $1.1451 to $1.1383 over the past 24 hours, marking a decline of roughly 0.6%.

• Selling intensified around 21:00 UTC, with volume surging to 85.8 million XRP and pushing the price to a session low near $1.1213.

• Buyers quickly stepped in, lifting XRP back toward $1.148 and recovering most of the losses before the market stabilized.

Technical Analysis
• The break below $1.1385 stood out due to the accompanying surge in volume.

• The rebound was equally notable, with XRP retracing nearly 80% of the decline and returning toward the midpoint of its range.

• The failure to hold below $1.13 suggests ongoing buying interest within the broader $1.10–$1.15 support zone.

• However, the rally stalled near $1.147–$1.149, reinforcing that area as near-term resistance.

What Traders Should Watch
• The $1.13–$1.14 range remains the immediate battleground following the latest sell-off.

• Resistance sits near $1.147–$1.15, where upside momentum faded.

• The broader $1.10–$1.30 range remains intact.

• A sustained breakout beyond either boundary would likely provide the first clear directional signal in weeks.