XRP slips 4% below $1.20 after breakout rally stalls near key resistance

XRP’s push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18.

The pullback doesn’t fully undo last week’s breakout, but it does show buyers still have work to do before the market can challenge higher resistance levels.

News Background

• XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week’s rally above $1.20.

• Analysts continue to watch the $1.11-$1.15 demand zone that launched the latest recovery, viewing it as the line separating a correction from a larger breakdown.

• Longer-term charts still show XRP trading beneath major moving averages despite the rebound from early June lows.

Price Action Summary

• XRP fell from $1.2170 to $1.1869 during the 24-hour session, losing 2.5%.

• Selling intensified during the June 17 19:00 UTC session when volume surged to 128.7 million XRP, more than double normal levels, breaking support at $1.20.

• The token later found buyers near $1.1750 and recovered modestly into the close, holding above the session low of $1.1747.

Technical Analysis

• The loss of $1.20 is the key development. That level had acted as support after XRP’s breakout above $1.14 and $1.18 earlier in the week.