XRP returned to the lower edge of its June range after spending most of the month trapped between overhead resistance and support near $1.10. The token slipped from $1.1313 to $1.1109 in the latest 24-hour session, while buyers failed to extend recent rebounds. At the same time, traders kept watching whether support would hold or give way after weeks of compression.
ETF demand remained active even as prices weakened. XRP ETFs drew another $2.4 million in inflows on June 20, extending institutional buying. Still, network activity softened, futures positioning drifted lower, and open interest also eased.
The latest drop was small, but it kept XRP near the bottom of its June band. The sharpest selling came on June 22, when volume jumped to 65.4 million XRP, about 84% above average. Price then ground lower through the session and tested support near $1.10 into the close.
That move kept the market inside the same range that has shaped trading for much of June. XRP also lost support from the weekly Ichimoku cloud, which added to the cautious chart setup. Volume stayed subdued outside brief spikes, so neither bulls nor bears took clear control.
Traders now watch the $1.05 to $1.10 zone as the key support area. A break below that band would likely shift attention toward the psychological $1.00 level. On the upside, XRP must reclaim $1.18 before traders can talk about a move back toward $1.20 to $1.30. Will buyers defend the range again, or will repeated tests finally end it?
CasiTrades posted an update on June 22 and mapped a possible five-wave decline toward $0.87. She said the setup “fibs out perfectly” and that Wave 1 looked complete. She added that XRP should now be in Wave 2.
In her view, the key level sits at $1.22. She called that the typical .618 retracement target for Wave 2. If XRP shows exhaustion there, she said the broader count still supports a move toward $0.87.
She also set clear invalidation levels for the pattern. A break above $1.30 would invalidate the specific mapped plan and force a recount. The $0.87 target would not fully lose validity unless XRP moves above $1.65 and turns that level into support.
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The TradingView chart from CasiTrades shows XRP/USD on the 4-hour Coinbase chart as of June 22. The chart places the price near $1.15 after the pullback. It also labels the Elliott Wave structure across the correction.
Wave 1 down already appears complete on the chart. The decline began from the $1.30 area. Wave 2 up then started forming, and price moved toward the .618 Fibonacci level near $1.22.
The structure also shows overlapping action, which often appears in corrective waves. RSI on the 4-hour chart has not yet shown exhaustion at current levels. That leaves room for more upside inside Wave 2 before sellers may step back in. Timing also matters, since the structure projects the final low into late June or early July, similar to last year’s setup before the all-time high in mid-July.
XRP remains trapped near $1.10 as traders weigh weak price action against steady ETF inflows. The key levels now sit at $1.22 on the upside and $1.05 to $1.10 on the downside, while $0.87 stays in view under the current wave count. Traders will watch for confirmation before the next move.