XRP recovered from its lowest level since November 2024, bouncing off $1.09 with a 1.6% gain on elevated volume. The bounce was supported by exchange outflows exceeding 25 million XRP and continued ETF inflows, with cumulative inflows nearing $1.4 billion. However, the token remains trapped within a descending channel below resistance at $1.15. Technical indicators such as the RSI show extreme oversold conditions, suggesting selling exhaustion, but follow-through buying is limited. The $1.10-$1.20 zone is viewed as a potential stabilization area, but a break above $1.20 is needed to signal a trend reversal. Traders should watch support at $1.13-$1.14 and resistance at $1.15, with a failure below $1.10 risking a test of $1.00.

Key facts

• XRP bounced 1.6% from $1.09 lows, but remains below $1.15 resistance.
• Over 25 million XRP left exchanges, signaling accumulation.
• XRP-linked ETFs saw $118 million inflows in May, cumulative $1.4 billion.
• RSI hit most oversold levels since November 2024 rally.
• Key support at $1.13-$1.14; breakdown below $1.10 could test $1.00.