XRP drifts toward $1.10 support as traders await break from three-week range

Markets XRP drifts toward $1.10 support as traders await break from three-week range Weak volume and fading momentum kept XRP pinned near the bottom of its recent range, with the $1.05-$1.10 area emerging as the market's key line in the sand. By Shaurya Malwa Jun 23, 2026, 6:27 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 is again testing key support near $1.05 to $1.10 after a month of range-bound trading and a 1.8 percent drop in the latest session. Institutional demand remains resilient, with XRP ETFs drawing $2.4 million in fresh inflows even as network activity, futures positioning and retail sentiment soften. Traders are watching for a decisive move, as a break below $1.05 could refocus attention on $1.00, while a push above roughly $1.18 to $1.30 is needed to shift the broader bearish structure. XRP is running out of room. After spending most of June trapped between resistance overhead and support near $1.10, the token is once again testing the bottom of its range. While the latest decline was small, the inability to build on recent rebounds has left traders focused on whether buyers defend support or finally give way after weeks of compression. News Background • XRP ETFs attracted another $2.4 million in inflows on June 20, extending a run of institutional buying even as retail sentiment weakened. • Analysts continue to watch the year-long downtrend from XRP's 2025 highs, with several identifying $1.28-$1.30 as the level needed to change the broader structure. • Network activity has softened in recent weeks while futures positioning and open interest have drifted lower. Price Action Summary • XRP fell from $1.1313 to $1.1109 during the 24-hour session, losing 1.8%. • The sharpest selling came during a June 22 reversal when volume jumped to 65.4 million XRP, roughly 84% above average. • Price spent most of the session grinding lower before testing support near $1.10 into the close. Technical Analysis • The market remains trapped inside the same range that has defined trading for much of June. • XRP recently lost support from the weekly Ichimoku cloud, adding to the cautious tone around the chart. • The more important development is the repeated testing of the $1.05-$1.10 area. Markets that keep returning to support eventually either bounce hard or break. • Volume remains relatively subdued outside isolated spikes, suggesting neither bulls nor bears have fully taken control. What traders should watch • $1.05-$1.10 remains the most important support zone on the chart. • A break below it would likely shift attention toward the psychological $1.00 level. • On the upside, XRP needs to reclaim $1.18 before traders start talking about a move back toward $1.20-$1.30. • Until one side gives way, XRP remains a range-trading story rather than a trend story. Latest Crypto News 1 SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days. 4 minutes ago 2 Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower 1 hour ago 3 Trump signs orders to build a quantum computer and protect against the one that could break encryption 1 hour ago 4 U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC 7 hours ago 5 Securitize and tZERO clash over patents as race to bring Wall Street onchain heats up 9 hours ago 6 Ric Edelman says crypto’s biggest growth story is happening off the price chart 9 hours ago 7 21Shares co-founder warns tokenization hype is outrunning Wall Street reality 9 hours ago 8 Strive says digital credit selloff was a liquidation event, not a credit crisis 10 hours ago 9 Ether’s biggest corporate holders back new Ethereum research hub 11 hours ago 10 Ethereum Foundation talent exodus sparks fresh debate over leadership 13 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Markets SpaceX’s $600 billion plunge erased nearly half of bitcoin’s market cap in three days. Bitcoin slips toward $63,000 as a tech selloff drags risk assets lower Ric Edelman says crypto’s biggest growth story is happening off the price chart