XRP drifts toward $1.10 support as traders await break from three-week range
Key takeaways
- 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.
- • 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.
Vertaald door AI2 min read Make preferred on Delen Deel dit artikel Kopieer link X icon X (Twitter)Linked In Facebook E-mail 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.
• XRP ETFs attracted another $2.4 million in inflows on June 20, extending a run of institutional buying even as retail sentiment weakened.