XRP Approaches Key $1.10 Support as Market Waits for Breakout
XRP tests critical support near $1.05 to $1.10 following a drop of 1.8% in a recent trading session, according to CoinDesk. While institutional demand persists, retail sentiment declines, prompting traders to monitor whether buyers can defend the support level.
XRP is once again approaching a crucial support level between $1.05 and $1.10 after experiencing a 1.8% decline in the latest trading session. This comes after a month characterized by range-bound trading, with the market now focused on potential breakout scenarios.
Despite fading momentum and weak trading volume, institutional interest remains strong, evidenced by recent inflows into XRP exchange-traded funds (ETFs) totaling $2.4 million on June 20. However, network activity has been declining, leading to shifts in retail sentiment and potential implications for future price movements.
The critical $1.05-$1.10 support zone is now being tested repeatedly, with analysts highlighting that markets bouncing back from support often lead to significant price movements. A decisive drop below this range might redirect focus to the psychologically important $1.00 level. Conversely, for optimism to gain footing, XRP must reclaim the $1.18 support, a necessary threshold to aim for recapturing levels between $1.20 and $1.30.
Trading activity during the session revealed a significant sell-off on June 22, with volume reaching 65.4 million XRP, representing an 84% increase over average levels. This spike in volume underscores the uncertainty surrounding XRP as it grapples with a historical downtrend since its 2025 highs.
Looking ahead, traders should keep a keen eye on whether buyers can maintain the critical support at $1.05-$1.10 or if sellers will finally break through after prolonged compression. Until one side asserts dominance, XRP's narrative remains focused on the balance within this defined trading range, with market participants awaiting a pivotal breakout.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jun 23, 2026. SolanaWire does not republish source content.
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