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XRP slipped below $1.23 after a brief move above $1.25 faded within hours. Sellers hit the token near the highs, and heavy afternoon volume pushed it down to $1.2205 in the 24-hour session.
XRP fell from $1.2619 to $1.2205, a 3.3% drop. The token also lost support near $1.2240 when volume rose to 87.5 million XRP during the afternoon session. A late recovery attempt lifted XRP to $1.223 before it turned lower again. That move left $1.223 as near-term resistance, while the $1.22 to $1.23 area lost support.
The latest pullback followed a brief surge above $1.26 that reached as high as $1.2996, according to EGRAG Crypto.
XRP ETF products recorded a second straight week of inflows. They brought in $10.68 million and lifted cumulative inflows to roughly $1.44 billion. Daily flows also improved. SoSoValue showed $5.30 million in inflows on June 16, after $2.82 million on June 15. Total net assets still fell to $1.06 billion from $1.11 billion as price weakness offset part of the demand.
Ripple also kept expanding its payments work. The data points to recent activity tied to RLUSD and cross-border settlement initiatives.
CryptoQuant analyst Amr Taha said XRP reclaimed $1.20 while spot cumulative volume delta rose to $267.4 million. He said that was the highest reading since mid-May. Taha added that the same metric stood near negative $177 million on April 12. The shift suggests spot buyers returned across exchanges and added direct demand for XRP.
The derivatives market told a different story. Taha said Binance perpetual CVD fell to a record low of negative $792.5 million, down from about negative $218 million on May 12.
He also noted open interest near $251 million, which shows leverage remains in the market. If spot buyers keep absorbing sell pressure, short positions may face stress. If demand weakens, the setup could add downside risk.
Read More: XRP Rebounds After 13% Surge as Whale Buying Lifts Market Outlook
BankXRP also pointed to a deposit and withdrawal pattern on Binance. The analyst said XRP showed the same exchange flow signal seen near the last two cycle bottoms, although the sample size remains small.
South Korea’s Upbit exchange continued to play a large role in XRP activity. Wallet-flow dominance climbed from 13% to 31% in the week through June 14.
Traders now watch $1.20 most closely. A drop below that level could open a move toward $1.15, while a move back above $1.25 would suggest the selloff was profit-taking rather than a larger reversal.
XRP lost momentum after a brief move above $1.25 and fell below $1.23 as strong selling pressure emerged. While ETF inflows and spot demand continued to improve, derivatives traders remained bearish. The market now focuses on whether XRP can defend $1.20 and regain strength above $1.25.
