XRP gives back breakout gains, slipping below $1.23 on heavy selling

MarketsXRP gives back breakout gains, slipping below $1.23 on heavy sellingXRP briefly traded above key resistance before sellers stepped in, with rising volume suggesting traders used the rally to cut positions rather than add risk.By Shaurya Malwa Jun 17, 2026, 4:39 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowXRP’s brief move above $1.25 quickly reversed as heavy selling pushed the price back below the key $1.22–$1.23 zone, signaling the market is still digesting supply from the recent selloff.Despite a 3.3 percent drop on the day and a failed rebound near $1.223, XRP remains above the crucial $1.20 breakout area, leaving the broader recovery intact but weakened.Traders are focused on $1.20 as pivotal support and $1.223 and $1.25 as near-term resistance levels that will help determine whether the pullback is profit-taking or the start of a deeper reversal.XRP's push above $1.25 lasted only a few hours. Sellers showed up near the highs and drove the token back through $1.23 on some of the session's heaviest volume, turning what looked like a breakout into a reminder that the market is still struggling to absorb supply left behind by the recent selloff.News Background• XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion.• South Korea's Upbit exchange continued to account for an outsized share of XRP activity after wallet-flow dominance climbed from 13% to 31% in the week through June 14.• Ripple continued expanding its payments infrastructure, including recent activity tied to RLUSD and cross-border settlement initiatives.Price Action Summary• XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.• Selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240.• A late recovery attempt reached $1.223 before revers…

XRP gives back breakout gains, slipping below $1.23 on heavy selling

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