XRP slipped below the $1.20 mark on June 17 as traders amplified selling after a short‑lived surge above $1.22. The token closed the 24‑hour session at $1.1869, registering a 2.5% decline from its opening price of $1.2170. Heavy volume and a break of the $1.20 support level forced the market to search for a new floor near $1.18.
Price Movement Overview
During the June 17 19:00 UTC window, XRP volume spiked to roughly 128.7 million tokens, more than twice the average daily flow. The surge in trading activity coincided with a sharp sell‑off that drove the price beneath the $1.20 barrier, a level that had previously acted as a safety net after earlier breakouts. After the breach, buyers re‑entered around $1.1750, nudging the token upward and allowing it to finish above the session low of $1.1747.
Technical Perspective
Analysts highlight the $1.20 breach as a pivotal development because the level had provided support following XRP’s advance above $1.14 and $1.18 earlier in the week. The price now hovers near the $1.18 zone, a region that aligns with the $1.11‑$1.15 demand corridor that sparked the recent recovery. Despite the bounce, XRP remains positioned below its longer‑term moving averages, suggesting that the