XRP slips 4% below $1.20 after breakout rally stalls near key resistance
CoinDesk 2026-06-18 05:08:12
Context: XRP's price fell 4% below $1.20 after a breakout rally stalled near key resistance, with heavy selling pushing the token back through a closely watched support level. Buyers stepped in above $1.17 to prevent a deeper pullback, preserving last week's breakout from the $1.11-$1.15 demand area. The token's push toward $1.25 ran into sellers waiting overhead, capping the rally.
Key Facts
- XRP slipped 2.5 percent to about $1.19 after briefly trading above $1.22, as heavy selling knocked the token back below the key $1.20 level.
- Selling intensified during the June 17 19:00 UTC session when volume surged to 128.7 million XRP, more than double normal levels, breaking support at $1.20.
- The token later found buyers near $1.1750 and recovered modestly into the close, holding above the session low of $1.1747.
- XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week's rally above $1.20.
- Longer-term charts still show XRP trading beneath major moving averages despite the rebound from early June lows.