XRP slid under pressure during the weekend, briefly hitting session lows before buyers stepped in to drive a swift recovery back into its familiar range.

The token dipped below a key support level on Sunday, but the breakdown was short-lived as demand quickly absorbed the selling.

Prices dropped to roughly $1.12 on one of the session’s largest volume spikes, before rebounding toward $1.15 within hours. Attention has since shifted from the move lower to whether repeated support tests point to accumulation or simply a pause within a broader downtrend.

News Background
• XRP continues to trade within a broad $1.10–$1.30 range that has capped price action for most of June.

• Analysts remain divided, with some viewing the range as consolidation and others as continuation within a larger bearish structure.

Price Action Summary
• XRP declined from $1.1451 to $1.1383 over the past 24 hours, a drop of around 0.6%.

• Selling accelerated around 21:00 UTC, with volume surging to 85.8 million XRP and pushing the price to a session low near $1.1213.

• Buyers quickly stepped in, lifting XRP back toward $1.148 and reclaiming most of the losses before price stabilized.

Technical Analysis
• The break below $1.1385 was notable given it coincided with the session’s largest volume spike.

• The rebound was equally important, with XRP recovering nearly 80% of the drop and returning toward the midpoint of its range.

• The inability to hold below $1.13 highlights persistent demand within the broader $1.10–$1.15 support zone.

• However, the bounce stalled near $1.147–$1.149, reinforcing that area as near-term resistance.

What Traders Should Watch
• The $1.13–$1.14 zone remains the immediate battleground following the latest sell-off.

• Resistance sits near $1.147–$1.15, where the rebound lost momentum.

• The broader $1.10–$1.30 range remains intact.

• A sustained break beyond either boundary would likely deliver the first clear directional signal in weeks.