XRP slips 4% below $1.20 after breakout rally stalls near key resistance

MarketsXRP slips 4% below $1.20 after breakout rally stalls near key resistanceHeavy selling pushed XRP back through a closely watched support level, though buyers stepped in above $1.17 to prevent a deeper pullback.By Shaurya Malwa Jun 18, 2026, 5:08 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowXRP 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.Buyers stepped in near $1.18, keeping prices above the $1.17–$1.18 support zone and preserving last week’s breakout from the $1.11–$1.15 demand area.Traders are watching $1.20 as immediate resistance and $1.1750 as critical support, with a break below risking a retreat toward $1.15 and a recovery above signaling simple profit-taking rather than a deeper reversal.XRP's push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18. The pullback doesn't fully undo last week's breakout, but it does show buyers still have work to do before the market can challenge higher resistance levels.News Background• XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week's rally above $1.20.• Analysts continue to watch the $1.11-$1.15 demand zone that launched the latest recovery, viewing it as the line separating a correction from a larger breakdown.• Longer-term charts still show XRP trading beneath major moving averages despite the rebound from early June lows.Price Action Summary• XRP fell from $1.2170 to $1.1869 during the 24-hour session, losing 2.5%.• Selling intensified during the June 17 19:00 UTC session when volume surged to 128.7 million XRP, more than double normal levels, breaking…

XRP slips 4% below $1.20 after breakout rally stalls near key resistance

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