XRP Tests Critical $1.05-1.10 Support as Range Narrows
XRP is once again testing the critical support zone of $1.05-$1.10 after a month of range-bound trading, with a 1.8% decline in the latest session leaving the token near the bottom of its range. Institutional demand remains relatively resilient, as XRP ETFs attracted $2.4 million in inflows on June 20, extending a recent streak of buying. However, this has been offset by weakening retail sentiment, declining network activity, and lower futures positioning and open interest. The technical picture shows XRP trapped in a narrow range for most of June, recently losing support from the weekly Ichimoku cloud, which adds to the cautious tone. The repeated testing of the $1.05-$1.10 area is a key focus: markets that keep revisiting support often see either a strong bounce or a decisive breakdown. Volume remains subdued outside of isolated spikes, indicating that neither bulls nor bears have seized control. A break below $1.05 could shift attention to the psychological $1.00 level, while a move above $1.18 is needed to start considering a recovery toward $1.20-$1.30. Analysts also note that the year-long downtrend from 2025 highs requires a move above $1.28-$1.30 to change the broader structure.
Key facts
- XRP fell 1.8% in 24 hours, testing support near $1.05-$1.10.
- XRP ETFs saw $2.4M inflows on June 20 despite weak retail sentiment.
- Network activity, futures positioning and open interest have declined.
- Break below $1.05 could target $1.00; above $1.18 needed for recovery.
- Year-long downtrend requires move above $1.28-$1.30 to shift structure.