XRP found support above $1.10 after one of its sharper selloffs this year, rebounding from around $1.09 and pushing back toward the $1.14 area. Buyers returned, but the move still looks like stabilization after heavy selling rather than a confirmed shift in trend. Each rally continues to meet supply, and broader de-risking in the market has not fully eased.
Session rebound lifted XRP 1.6% off the lows
During the latest session, XRP rose 1.6% as it recovered from recent pressure. The strongest move came in the 22:00 UTC window, when volume expanded to 145.3 million XRP and price cleared resistance near $1.1350. Momentum faded later in the session, with XRP slipping from $1.1488 to $1.1386, though buyers returned near support before the move fully unwound.
More than 25 million XRP left exchanges as ETF inflows continued
Flow data remained one of the more constructive elements under the surface. In recent days, more than 25 million XRP moved off exchanges, extending a pattern often associated with accumulation instead of immediate selling pressure. XRP-linked ETF products also kept drawing capital, with roughly $118 million in inflows during May and cumulative inflows nearing $1.4 billion. That combination points to continued demand, even if spot price has yet to reflect a broader recovery.
Oversold conditions eased pressure, but resistance remains intact
Technically, XRP is still trading inside a descending channel. The bounce reduced near-term downside stress, but it did not break the broader sequence of lower highs. RSI has dropped to one of its most oversold readings since before the November 2024 rally, which suggests selling may be running out of force. Even so, current price behavior still resembles a market searching for a floor, not one that has already started a fresh uptrend.
Traders are now watching the $1.13 to $1.14 area as the key near-term support zone after the rebound. On the upside, $1.15 remains the first meaningful resistance and aligns with the upper edge of the current descending channel. A move above $1.20 would be the first sign that recent technical damage is being repaired. If $1.10 fails again, attention is likely to shift toward the psychologically important $1.00 level.