XRP hovers near critical support at $1.10, with traders eyeing a break below $1.05 or above $1.18 for directional clarity.
XRP declined 1.8 percent in the latest session, retesting support at $1.10 after three weeks of range-bound trading. Weak volume and fading momentum have kept the token near the lower end of its $1.05-$1.10 range, with traders awaiting a decisive move.
Institutional demand remains steady, with XRP ETFs recording $2.4 million in inflows on June 20, despite softer retail sentiment and network activity. Analysts highlight $1.28-$1.30 as the key resistance level needed to shift the broader bearish trend.
A break below $1.05 could target $1.00, while a push above $1.18 may signal a potential reversal. Futures positioning and open interest have also softened, adding to the cautious outlook.