- XRP briefly fell below the $1.13 support level after heavy selling pressure but quickly recovered as buyers stepped in.
- The coin remains trapped within its broader $1.10-$1.30 trading range as traders watch for a decisive breakout.
XRP experienced a sharp sell-off over the weekend, briefly falling below a critical support level before buyers stepped in to reverse most of the losses. The quick recovery has kept the cryptocurrency within its established trading range, leaving traders closely watching whether the recent price action signals growing demand or simply another pause in the broader market trend.
XRP Drops Below Support Before Recovering
XRP came under selling pressure during Sunday’s trading session, dropping from $1.1451 to a low of approximately $1.1213. The decline accelerated after a surge in trading activity pushed the token below the closely watched $1.13 support level.
The sell-off was accompanied by one of the highest trading volume spikes of the session, with roughly 85.8 million XRP changing hands as sellers took control of the market. The breakdown initially raised concerns that XRP could move toward lower support levels.
However, the weakness proved short-lived. Buyers quickly entered the market and absorbed the selling pressure, driving the price back toward $1.15 within hours. The rebound allowed XRP to recover nearly 80% of the decline and return to the middle of its recent trading range.
Buyers Continue to Defend the $1.10-$1.15 Zone
The latest recovery highlights the strength of the broader support area between $1.10 and $1.15. Despite multiple tests throughout June, buyers have repeatedly stepped in to prevent a deeper decline.
The failure to remain below $1.13 suggests that market participants are still willing to accumulate XRP near lower price levels. This behavior has helped maintain the range-bound structure that has defined XRP trading for most of the month.
Some analysts view the current consolidation phase as a potential base-building period that could support future gains. Others argue that the sideways movement may simply be a continuation pattern within a larger downward trend.
Resistance Remains a Challenge for XRP
While buyers successfully defended support, XRP still faces resistance near the $1.147 to $1.15 region. The latest rebound lost strength around that area, reinforcing it as a key short-term barrier.
For bullish traders, a sustained move above this resistance zone could improve market sentiment and increase the chances of a stronger recovery. Until then, XRP remains trapped within a well-defined range.
The broader trading channel between $1.10 and $1.30 continues to shape market activity. Neither buyers nor sellers have managed to establish a decisive advantage over recent weeks.
What Traders Should Watch Next
The immediate focus remains on the $1.13-$1.14 area, which recently absorbed another wave of selling pressure. Holding above this zone could help maintain the current range structure.
On the upside, resistance around $1.15 remains the first obstacle that bulls must overcome. A successful breakout could open the door for a move toward higher levels within the broader range.
For now, XRP continues to trade within familiar boundaries. A sustained break above $1.30 or below $1.10 would likely provide the clearest indication of the market’s next major direction.
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