XRP price has staged a recovery bounce after one of its sharpest selloffs of the year, climbing from four-month lows near $1.09 back toward $1.14. The token still trades within a descending channel, but a combination of exchange outflows and persistent ETF inflows suggests accumulation beneath the surface.
Price action and technical levels
XRP gained roughly 1.6% during the latest session, with the strongest move coming at 22:00 UTC when volume surged to 145.3 million XRP and pushed through resistance near $1.1350. Momentum faded into the close, slipping from $1.1488 to $1.1386 before buyers returned. The recovery broke above a short-term bearish trend line on the hourly chart and cleared the 23.6% Fibonacci retracement of the drop from the $1.3640 swing high to the $1.052 swing low.
On-chain data supports the stabilization case: more than 25 million XRP left exchanges in recent days, extending a trend that typically indicates holding rather than selling. Meanwhile, XRP-linked ETF products attracted roughly $118 million in May, pushing cumulative inflows close to $1.4 billion. Analysts increasingly view the $1.10–$1.20 zone as a potential base after the coin’s 17% weekly decline.
Resistance and support outlook
Key resistance now sits at $1.1720–$1.1740, followed by $1.2080 (50% Fibonacci). A close above $1.20 would be the first sign of repairing the broader damage. Above that, $1.2450 and $1.2620 come into play. On the downside, $1.13–$1.14 is the immediate support, with $1.10 and the psychological $1.00 level acting as critical lines should the bounce fail.
Technical indicators
The hourly RSI has risen above 50, and the MACD is gaining pace in the bullish zone. However, the daily picture remains cautious: XRP is still inside a descending channel, and every rally continues to face selling pressure. The RSI has reached one of its most oversold readings since before the November 2024 rally, hinting that selling could be exhausting, but follow-through buying remains limited.
