XRP slipped to roughly $1.12 on June 19 after sellers breached the $1.15 support threshold, triggering a decline of more than 4% within the last 24 hours. Daily trading volume hovered around $1.97 billion, underscoring heightened investor activity in the crypto market.
Price Movement and Market Position
During the session, XRP fluctuated between $1.12 and $1.18, while its market capitalization stayed near $69.8 billion, keeping the digital asset in sixth place by market value. Earlier in the week the token briefly rose above $1.20, but sellers halted the advance before it could break the descending trendline that has constrained recovery attempts for months.
Support Levels and Potential Risks
The $1.10 region now serves as the primary support zone, having acted as the lower boundary of recent price stability. A decisive break beneath this level could open the path to deeper support around $1.05 and eventually the $1.00 threshold, exposing investors to further downside risk.
Whale Activity and Network Usage
Crypto analyst Ali Martinez reported that more than 30 million XRP were moved out of whale wallets over the past five days, indicating that large holders are trimming exposure while the price remains under pressure. At the same time, XRP network activity dropped nearly 50% in the last two weeks, with active addresses falling from roughly 50,000 to about 25,000, a trend that may signal waning demand for the blockchain platform.