XRP gives back breakout gains, slipping below $1.23 on heavy selling

Markets XRP gives back breakout gains, slipping below $1.23 on heavy selling XRP briefly traded above key resistance before sellers stepped in, with rising volume suggesting traders used the rally to cut positions rather than add risk. By Shaurya Malwa Jun 17, 2026, 4:39 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show XRP’s brief move above $1.25 quickly reversed as heavy selling pushed the price back below the key $1.22–$1.23 zone, signaling the market is still digesting supply from the recent selloff. Despite a 3.3 percent drop on the day and a failed rebound near $1.223, XRP remains above the crucial $1.20 breakout area, leaving the broader recovery intact but weakened. Traders are focused on $1.20 as pivotal support and $1.223 and $1.25 as near-term resistance levels that will help determine whether the pullback is profit-taking or the start of a deeper reversal. XRP's push above $1.25 lasted only a few hours. Sellers showed up near the highs and drove the token back through $1.23 on some of the session's heaviest volume, turning what looked like a breakout into a reminder that the market is still struggling to absorb supply left behind by the recent selloff. News Background • XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion. • South Korea's Upbit exchange continued to account for an outsized share of XRP activity after wallet-flow dominance climbed from 13% to 31% in the week through June 14. • Ripple continued expanding its payments infrastructure, including recent activity tied to RLUSD and cross-border settlement initiatives. Price Action Summary • XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%. • Selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240. • A late recovery attempt reached $1.223 before reversing sharply, reinforcing that area as near-term resistance. Technical Analysis • The key development was the loss of the $1.22-$1.23 area, which traders had been watching after XRP's rally above $1.20 earlier in the week. • Volume expanded during the decline rather than the rebound, suggesting sellers remained in control throughout most of the session. • The failed bounce near $1.223 reinforced the lower-high structure that has emerged since XRP was rejected near $1.25. • Despite the pullback, XRP remains above the $1.20 area that marked the initial breakout zone, leaving the broader recovery structure damaged but not broken. What traders should watch • $1.20 is the level that matters most now. Losing it would raise the risk of a deeper retracement toward $1.15. • $1.223 is immediate resistance after rejecting the latest recovery attempt. • Above that, traders will watch $1.25, the level where the recent rally stalled. • A move back above $1.25 would suggest the selloff was profit-taking rather than the start of a larger reversal. 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