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

Markets XRP slips 4% below $1.20 after breakout rally stalls near key resistance Heavy selling pushed XRP back through a closely watched support level, though buyers stepped in above $1.17 to prevent a deeper pullback. By Shaurya Malwa Jun 18, 2026, 5:08 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 slipped 2.5 percent to about $1.19 after briefly trading above $1.22, as heavy selling knocked the token back below the key $1.20 level. Buyers stepped in near $1.18, keeping prices above the $1.17–$1.18 support zone and preserving last week’s breakout from the $1.11–$1.15 demand area. Traders are watching $1.20 as immediate resistance and $1.1750 as critical support, with a break below risking a retreat toward $1.15 and a recovery above signaling simple profit-taking rather than a deeper reversal. 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. • Volume expanded during the decline, suggesting the move was driven by active selling rather than a lack of buyers. • Despite the weakness, XRP avoided a more serious breakdown by holding the $1.17-$1.18 area, where buyers absorbed selling pressure and produced a late-session rebound. • The broader structure remains mixed. XRP is still trading above the $1.11-$1.15 demand zone that sparked the recent rally, but remains below the larger resistance band near $1.25. What traders should watch • $1.1750-$1.1850 is now the immediate support zone after absorbing the latest selloff. • $1.20 becomes the first resistance level bulls need to reclaim to regain momentum. • Above that, traders will focus on $1.22 and then $1.25, where recent rallies have repeatedly stalled. • A break below $1.1750 would increase the risk of a move back toward the $1.15 area, while a recovery above $1.20 would suggest the pullback was profit-taking rather than the start of a larger reversal. 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