XRP Dips Below $1.14 Support, Quickly Rebounds on Strong Buying

Intense selling pressure dragged XRP to its lowest level of the weekend session, but aggressive buying quickly reversed much of the drop, pushing the token back into its established trading range.

XRP briefly slipped below a key support level on Sunday before buyers stepped in to stabilize the price.

The asset dropped to around $1.12 amid one of the session’s largest volume spikes, then rebounded toward $1.15 within hours. As a result, traders are now less focused on the dip itself and more on whether this repeated support test signals accumulation or simply a pause within a broader downtrend.

News Background
• XRP continues to trade within a wide $1.10–$1.30 range that has defined price action throughout most of June.

• Market participants remain divided, with some interpreting the range as a base-building phase, while others see it as a continuation of a larger bearish trend.

Price Action Summary
• XRP declined from $1.1451 to $1.1383 over the past 24 hours, marking a modest drop of about 0.6%.

• Selling intensified around 21:00 UTC, with volume surging to 85.8 million XRP and pushing the price down to a session low near $1.1213.

• Buyers quickly absorbed the sell-off, lifting XRP back toward $1.148 and reclaiming most of the lost ground before prices stabilized.

Technical Analysis
• The initial break below $1.1385 appeared notable, especially as it coincided with the session’s highest volume spike.

• The subsequent rebound was equally significant, with XRP recovering nearly 80% of its losses and moving back toward the midpoint of its range.

• The inability to sustain levels below $1.13 suggests continued buying interest within the broader $1.10–$1.15 support zone.

• However, the recovery stalled near $1.147–$1.149, reinforcing that region as a short-term resistance level.

What Traders Should Watch
• The $1.13–$1.14 zone remains the immediate area of contention following the latest sell-off.

• Resistance is clustered near $1.147–$1.15, where upward momentum recently faded.

• The wider range between $1.10 and $1.30 remains intact.

• A decisive breakout above or below this range would likely offer the first clear directional signal for XRP in weeks.

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