XRP recovered from lows near $1.09 and moved back toward $1.14, but CoinDesk reported that the token remains inside a broader downtrend. Exchange outflows and ETF inflows point to possible accumulation, while resistance around $1.15-$1.20 remains the next key test.
XRP recovered from lows near $1.09 and moved back toward $1.14, but CoinDesk reported that the token remains inside a broader downtrend. Exchange outflows and ETF inflows point to possible accumulation, while resistance around $1.15-$1.20 remains the next key test.
The token gained 1.6% during the reported session, recovering from lows near $1.09 and climbing back toward $1.14. CoinDesk said the strongest push came during the 22:00 UTC session, when volume rose to 145.3 million XRP and price moved through resistance near $1.1350. Momentum later faded, with XRP slipping from $1.1488 to $1.1386 before buyers returned near support.
XRP stabilized above $1.10 after a sharp sell-off pushed the token to its lowest levels in four months, according to CoinDesk. The move offered a short-term rebound from oversold conditions, but the recovery has not yet changed the broader technical picture.
The token gained 1.6% during the reported session, recovering from lows near $1.09 and climbing back toward $1.14. CoinDesk said the strongest push came during the 22:00 UTC session, when volume rose to 145.3 million XRP and price moved through resistance near $1.1350. Momentum later faded, with XRP slipping from $1.1488 to $1.1386 before buyers returned near support.
Market structure still looks fragile. CoinDesk described XRP as trapped inside a descending channel, with lower highs keeping bearish pressure in place despite signs that selling may be tiring. The RSI was reported near one of its most oversold readings since before the November 2024 rally.
Flows offered a more constructive backdrop, but not a confirmed trend reversal. More than 25 million XRP left exchanges in recent days, while XRP-linked ETF products recorded about $118 million in May inflows and cumulative inflows near $1.4 billion. For now, traders are watching $1.13-$1.14 as near-term support, $1.15 as initial resistance, and $1.20 as a level that could suggest sentiment is starting to repair.
Keep exploring
Bitget plans to exit the Japanese market and close all remaining positions by the end of the year. The move adds to ongoing shifts among crypto companies navigating Japan’s regulatory environment.
Read
CoinDesk’s State of Crypto coverage counts down recent developments shaping the crypto policy and market landscape. The report frames these changes as important for how companies and participants navigate the sector.
Read
Strategy said it is holding the dividend on its STRC preferred stock at 12%. The decision keeps the payout unchanged for investors in the company’s yield-focused security.
Read