Ripple's XRP token slipped almost 5 percent on June 18, hitting an intraday low of $1.16 after the Federal Reserve announced it would keep the benchmark rate at 3.50 %‑3.75 % and warned of possible tightening through 2026.
Price Action and Technical Landscape
After failing to pierce the $1.25 resistance zone, XRP fell below the freshly reclaimed $1.20 level, prompting a cascade of stop‑loss orders and leveraged liquidations. The four‑hour chart now places the token inside a descending channel that emerged following a rally toward $1.29 earlier this month, while the price tests the 23.6 % Fibonacci retracement near $1.165.
Despite the pullback, XRP remains above an ascending trendline that has acted as support since early June, and a sizable liquidity cluster near $1.30 continues to attract speculative interest from investors seeking a rebound.
Market Sentiment and Outlook
Technical indicators such as momentum oscillators show weakness, yet derivatives data and recent Ripple business announcements keep a portion of the market bullish. Investors monitor the price action closely, hoping that the correction may be nearing exhaustion and that the token can regain momentum on the back of its blockchain ecosystem.