XRP gives back breakout gains, slipping below $1.23 on heavy selling

NewsVideoPricesResearchEventsData & IndicesSponsored Jun 17, 2026, 4:39 a.m. 2 min readSummaryXRP’s brief move above $1.25 quickly reversed as heavy selling pushed the price back below the key $1.22–$1.23 zone, signaling the market is still digesting supply from the recent selloff.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. Sellers showed up near the highs and drove the token back through $1.23 on some of the session's heaviest volume, turning what looked like a breakout into a reminder that the market is still struggling to absorb supply left behind by the recent selloff.News Background• 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.• Ripple continued expanding its payments infrastructure, including recent activity tied to RLUSD and cross-border settlement initiatives.Price Action Summary• XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.• Selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240.• A late recovery attempt reached $1.223 before reversing sharply, reinforcing that area as near-term resistance.Technical Analysis• 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.• Volume expanded during the decline rather than the rebound, suggesting sellers remained in control throughout most of the session.• The failed bounce near $1.223 reinforced the lower-high structure that has emerged since XRP was rejected near $1.25.• Despite the pullback, XRP remains above the $1.20 area that marked the initial breakout zone, leaving the broader recovery structure damaged but not broken.What traders should watch• $1.20 is the level that matters most now. Losing it would raise the risk of a deeper retracement toward $1.15.• $1.223 is immediate resistance after rejecting the latest recovery attempt.• Above that, traders will watch $1.25, the level where the recent rally stalled.• A move back above $1.25 would suggest the selloff was profit-taking rather than the start of a larger reversal.12345678910