XRP rebounds after brief drop below $1.13 support

XRP briefly fell below a key support level near $1.13 on heavy volume before recovering most of its losses. The token traded within its established range after the session low near $1.12. Traders continue to monitor the $1.10 to $1.30 band for a breakout.

XRP declined from $1.1451 to $1.1383 over the 24-hour period, marking a drop of about 0.6 percent. Selling intensified around 21:00 UTC, with volume reaching 85.8 million XRP and driving the price to a low of roughly $1.1213.

Buyers quickly stepped in and lifted the token back toward $1.148, reclaiming nearly 80 percent of the decline. The move left XRP inside the monthlong trading range that has held between $1.10 and $1.30 for most of June.

Short-term resistance remains near $1.147 to $1.15, while the $1.13 to $1.14 zone now serves as the immediate battleground. A sustained break outside the broader range would provide the first clear directional signal in weeks.

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Illustration of XRP price chart declining after tokenized treasury settlement on blockchain.
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XRP slips below $1.42 after tokenized treasury settlement

Dilaporkan oleh AI Gambar dihasilkan oleh AI

XRP retreated from recent gains as it consolidated near $1.41 following a cross-border tokenized U.S. Treasuries transaction on the XRP Ledger. The move occurred even as Ripple advanced institutional use cases with major partners.

XRP rose more than 2.5 percent on May 10 to break through the $1.45 level that had capped gains for weeks. The move outpaced both bitcoin and ether and occurred alongside one of the largest volume spikes in recent sessions.

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XRP dropped more than 5 percent in a single day to $1.40, even as exchange-traded funds saw record inflows and on-chain activity increased. Institutional signals point to growing interest, yet spot prices have not followed.

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