XRP surged past the $1.25 mark for only a few hours before sellers appeared near the peak and forced the token back below $1.23 amid a spike in trading volume. The brief breakout highlighted lingering supply pressure following the recent sell‑off. Investors witnessed the token’s momentum reverse within the same session.
Market Flow
ETF products linked to XRP recorded a second consecutive week of inflows, pulling in $10.68 million and pushing total weekly inflows to approximately $1.44 billion. South Korea’s Upbit exchange amplified its role in XRP trading, with wallet‑flow dominance climbing from 13 % to 31 % during the week ending June 14. Ripple continued to broaden its payments network, launching initiatives tied to RLUSD and advancing cross‑border settlement capabilities.
Price Action
During a 24‑hour window, XRP slipped from $1.2619 to $1.2205, erasing about 3.3 % of its value. The afternoon session saw volume swell to 87.5 million XRP, shattering support near $1.2240 and accelerating the decline. A late‑stage rally briefly touched $1.223 before reversing sharply, cementing that level as near‑term resistance.
Technical Outlook
Traders lost the $1.22‑$1.23 price corridor that had anchored expectations after the earlier rally above $1.20. Volume expanded on the downside rather than the rebound, indicating that sellers maintained control throughout most of the session. The failed bounce at $1.223 reinforced a lower‑high pattern that continues to shape XRP’s short‑term