XRP price analysis: Can bulls defend $1.10 after whale selling?
XRP traded near $1.12 on June 19 after sellers pushed the token below the $1.15 support level.
- XRP fell near $1.12 after losing $1.15 support and facing another trendline rejection this week.
- Whale selling and weaker active addresses add pressure, while ETF inflows remain the main support.
- Analysts say XRP must defend $1.10 before bulls can target $1.25 and higher levels.
XRP fell more than 4% over 24 hours, with daily volume near $1.97 billion.
The token moved between $1.12 and $1.18 during the session. Its market cap stood near $69.8 billion, keeping XRP in sixth place among crypto assets by market value.
The latest decline erased more of last week’s rebound. XRP had moved above $1.20 earlier, but sellers rejected the advance before the token could break the descending trendline that has capped recovery attempts for months.
The market is now watching the $1.10 area. That level has acted as the lower edge of recent support. A clear break below it could expose deeper support near $1.05 and then the $1.00 zone.
XRP whale selling adds pressure
The price drop came as whale behavior turned weaker. Crypto analyst Ali Martinez said more than 30 million XRP had been distributed by whales in the past five days. That suggests large holders reduced exposure while the price remained under pressure.
Ali also said XRP network activity has dropped by nearly 50% in two weeks. Active addresses fell from around 50,000 to nearly 25,000, according to the analyst.
That drop matters because weaker address activity can show lower demand for network use. It does not always lead directly to price losses, but it can weaken the case for a fast rebound.
The whale data also changes the short-term tone. Earlier crypto.news coverage noted that whale flows had helped support XRP near $1.20. The latest distribution suggests that support has become less steady.
XRP ETF inflows remain a bright spot
Institutional demand remains the main positive factor for XRP. According to SoSoValue data, XRP products recorded $2.55 million in daily net inflows on June 18, after a flat day on June 17.
Cumulative total net inflows rose to about $1.45 billion by June 18. That shows ETF demand has continued even as the spot price dropped.
XRP spot ETF net inflow, source: SoSoValue
As previously reported by crypto.news, XRP-linked products had already outpaced Bitcoin and Ethereum funds for five straight weeks. Recent fund-flow data showed XRP products added $10.68 million in the week ended June 12, bringing cumulative inflows near $1.44 billion.
Still, ETF inflows have not been enough to reverse the downtrend. Crypto.news earlier reported that XRP’s price has lagged even as Ripple-related adoption and institutional access improved.
Analysts watch the macro triangle
The technical picture remains mixed. XRP is still trading inside a long-running symmetrical triangle, with support near $1.10 and resistance around $1.25. That range has compressed price action for months.
EGRAG CRYPTO said the two-month XRP chart still shows an ascending triangle structure. The analyst described the current zone as “E is the battlefield,” meaning XRP may be testing a final macro support area before a larger move.
The analyst also said targets are “not active yet.” XRP must hold rising macro support, reclaim key moving averages, and break the $2.00 to $2.10 resistance area before larger targets come into play.
That view keeps the bullish case conditional. It does not remove the risk of a deeper reset if XRP loses the $1.10 area with strong volume.
XRP price faces key levels
The next short-term test is simple. XRP needs to hold $1.10 and reclaim $1.15 to reduce pressure. A move above $1.18 would place $1.20 back in focus.
A stronger recovery would need a clean break above $1.25. That level has blocked several rebounds and remains the main near-term resistance zone.
On the downside, losing $1.10 could bring the $1.05 area into view. A move below $1.00 would weaken the current structure and shift attention toward deeper support near $0.90.
For now, XRP remains caught between two forces. Whale selling and weaker network activity support the bearish case. ETF inflows and long-term technical support keep the rebound case alive.
The next move may depend on whether buyers defend $1.10 with strong volume. Without that defense, XRP could stay under pressure despite positive fund flows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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