South Korea · CoinDesk
XRP gives back breakout gains, slipping below $1.23 on heavy selling
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
XRP's push above $1.25 lasted only a few hours.
Key facts
- XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%
- The key development was the loss of the $1.22-$1.23 area, which traders had been watching after XRP's rally above $1.20 earlier in the week
- XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
Summary
Despite a 3.3 percent drop on the day and a failed rebound near $1.223, XRP remains above the crucial $1.20 breakout area, leaving the broader recovery intact but weakened. Traders are focused on $1.20 as pivotal support and $1.223 and $1.25 as near-term resistance levels that will help determine whether the pullback is profit-taking or the start of a deeper reversal. XRP's push above $1.25 lasted only a few hours. • XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion. • South Korea's Upbit exchange continued to account for an outsized share of XRP activity after wallet-flow dominance climbed from 13% to 31% in the week through June 14.