While XRP continues to remain in the narrow band it was stuck in throughout June, it fell from $1.1313 to $1.1109 in the last 24 hours. Following the 1.8% decline, the market’s focus once again turned to the support zone between $1.05 and $1.10. The trading course highlighted the question of whether buyers can protect this area.
Support zone is on the agenda again
The weak volume and limited recoveries seen in the market in recent weeks have led XRP to remain close to the lower band. The asset, which has been trading below the resistance zone and above support around $1.10 for most of June, continues to seek direction. Analysts point out that repeated testing of the same support can often result in a sharp reaction rise or breakout to the downside.
For XRP, the $1.05 to $1.10 range remains the most critical support zone on the chart. It is stated that if this level falls below, attention may shift to the psychological $1.00 threshold.
On the upside, the $1.18 level must first be reclaimed for the outlook to change significantly. Some analysts are watching the $1.28 to $1.30 range for the broader bearish structure to weaken. Therefore, the current chart indicates a price structure fluctuating within the band rather than a strong trend.
| Indicator | Level |
|---|---|
| main support | $1.05 to $1.10 |
| Downward monitored threshold | $1.00 |
| First recovery threshold | $1.18 |
| Region monitored for structure change | $1.28 to $1.30 |
Chain data weakened as enterprise login continues
Despite the price pressure, it seems that interest on the corporate side has not completely disappeared. On June 20, $2.4 million in new money entered XRP ETFs. ETF is known as an exchange-traded investment fund that tracks the price of an asset. This data revealed that institutional demand remained somewhat resilient while retail investor interest and futures indicators weakened.
Mini dictionary: Open position refers to the total of contracts that have not yet been closed in futures transactions. A decline in this indicator may indicate that the market’s new risk appetite has weakened or existing positions have been reduced.
In contrast, network activity has slowed in recent weeks. Positioning and open interest in futures transactions also trended downwards. In the technical outlook, the loss of weekly Ichimoku cloud support strengthened the cautious approach on the chart.
Although institutional inflows continue, the weakening in network activity, futures positions and individual investor sentiment shows that there is no clear superiority in market direction.
Selling pressure quickly became evident
One of the harshest sales was seen during the return on June 22. In this episode, volume increased to 65.4 million XRP, approximately 84% above average. While the price gradually declined throughout most of the day, the $1.10 support was retested towards the close.
Looking at the overall picture, XRP is still moving within the same band that defined the majority of June trading. Although there were occasional jumps in volume, these increases did not produce permanent directional confirmation. Therefore, the main determining factor for market participants will be whether the $1.05 support can be maintained and whether the $1.18 level can be exceeded in the possible upward movement.
