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XRP fell 2.02% over the past 24 hours and traded near $1.17. The token performed worse than the slightly weaker broader crypto market after its latest recovery lost momentum.
The decline started after XRP failed to stay above $1.20. Sellers then pushed the price toward the $1.17–$1.18 area, where buying activity helped prevent a sharper fall. Cautious market sentiment following the Federal Reserve’s latest policy guidance also reduced demand for altcoins.
XRP had recently moved above $1.20 and briefly traded beyond $1.22. The advance stalled as the price approached the 100-day moving average near $1.25, an area where sellers had previously limited recovery attempts.
Once XRP moved back below $1.20, selling volume increased. During the June 17 session, volume reached more than twice its usual level at one stage. The token fell as low as $1.1547 before buyers entered and supported a modest recovery.
The change placed $1.20 back among the main resistance levels. It had served as support after XRP climbed above $1.14 and $1.18 earlier in the week. Buyers must now recover that price to rebuild momentum.
Some traders also appeared to lock in gains from the recent rebound. XRP had recovered from the $1.11–$1.15 region, giving short-term holders room to sell as the token approached higher resistance. The failure near $1.25 showed that supply remains strong above the current price.
The wider market also moved cautiously after the Federal Reserve kept interest rates unchanged. Policymakers signaled that rates could stay high for longer, reducing demand for assets that traders view as carrying greater risk.
Altcoins faced added pressure as capital shifted toward larger cryptocurrencies and defensive positions. The Altcoin Season Index dropped 6.12% over the past week, pointing to weaker momentum across the sector.
XRP faced pressure from two directions. Its technical breakout failed, while the broader market reacted to tighter policy expectations. That combination left the token trailing the overall cryptocurrency market during the latest session.
Traders are also following the Federal Reserve’s updated projections for inflation, economic growth and future rates. Those figures could shape risk appetite across financial markets. Still, XRP’s immediate price movement depends on activity around its nearby support levels.
The $1.15–$1.16 range has become the main short-term support zone. Buyers stepped in near $1.15 after the latest sell-off, helping XRP recover from the session low. Holding that area may keep the token in a narrow range between $1.16 and $1.20.
A recovery above $1.20 could bring $1.22 back into view. The next resistance area sits close to $1.25, where the recent advance stalled. XRP would need stronger buying volume to stay above those levels.
By contrast, a daily close below $1.17 could lead to further selling. The price may then test $1.15 before moving toward the wider $1.11–$1.15 demand zone.
XRP has not yet broken below the area that supported its recent recovery. Still, its short-term position has weakened while the price trades under $1.20. Market activity around $1.17 will show whether buyers can slow the decline or whether sellers regain control.
Also Read: Dogecoin Price Could Rally 300x and Cross $20 During the Next Altcoin Season, Analyst Says
