XRP is hovering around $1.12 after successfully defending the $1.10 support level during a turbulent trading session. The digital asset managed a slight 0.72% gain in the last 24 hours, yet it still faces a 4.47% decline over the past week and a steep 23.86% drop over the last month.
Recent data shows that XRP-linked investment products attracted $1.19 million in net inflows, but the overall market confidence remains tepid. While Bitcoin and other major cryptocurrencies have shown stronger recoveries, XRP stays near its multi-month lows, struggling to gain upward momentum.
Technical indicators paint a cautious picture. The daily chart reveals XRP trading near the lower Bollinger Band at $1.04, suggesting potential for an oversold bounce. However, the middle band at $1.24 acts as a critical recovery point that the token must reclaim to signal a sustained uptrend. The Relative Strength Index sits at 31.66, slightly above the oversold threshold, indicating weak bullish pressure.
Analysts are watching the $1.12-$1.13 resistance zone closely. A decisive close above $1.13 with strong volume could open the path to $1.18 and $1.24. Conversely, losing the $1.10 support may trigger a retest of $1.09 and possibly the lower band near $1.04.
On a positive note, the TD Sequential indicator has flashed a buy signal, hinting at a potential short-term rebound. Additionally, Binance data shows a shift from net selling to net buying, which could help bolster the support level. Market observers note that XRP has been trading within a channel since July 2025, and the $1.10 area is viewed as a favorable entry point with manageable risk.
Looking ahead, the XRP Ledger 3.2.0 upgrade scheduled for June 15 may draw attention to the token, but price action will ultimately determine the recovery trajectory. For now, bulls need to clear the immediate resistance to regain control.