XRP falls 3% after losing $1.15 support as breakout attempt fades
CoinDesk 2026-06-19 05:14:20
Context: XRP, a cryptocurrency, experienced a significant decline of 3.4% to around $1.1465 after losing the crucial support level of $1.15, which had been a key indicator for traders. This drop occurred on heavy volume, with a surge of 170% above average, and followed another failed attempt to break through a long-running descending trendline near $1.25. The decline has left traders watching to see if XRP can reclaim the $1.15 level to stabilize momentum.
Key Facts
- XRP fell from $1.1873 to $1.1465 during the 24-hour session, losing 3.4%, with the sharpest selling occurring around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average.
- The loss of $1.15 support, which had acted as a support level following last week's breakout, now risks turning into resistance, with traders viewing rallies as tests of resistance rather than the start of a new uptrend.
- Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim broken support, with support now clustered between $1.13 and $1.10.
- Resistance remains stacked from $1.17 to $1.25, where recent recovery attempts have repeatedly failed, with a break above $1.25 potentially changing the conversation.
- XRP has now failed multiple times below the descending trendline near $1.25, reinforcing it as the most important level on the chart, with traders watching to see if XRP can stabilize momentum and reclaim the $1.15 level.