XRP traded near $1.20 on June 17 as buyers tried to defend a tight support area. Market data showed the token was down 3.29% over the past 24 hours, with trading volume at roughly $1.76 billion. It moved between $1.20 and $1.25 during the session, while market capitalization stood near $74.45 billion.
ETF demand returned, but price action stayed fragile
The latest pullback followed a brief push above $1.26, with XRP reaching as high as $1.2996. Analyst EGRAG Crypto said the next test is whether the asset can turn former resistance into support. In his view, holding above $1.19 keeps the broader structure bullish. A move below that level would reopen the path toward lower support, and a loss of $1.14 would weaken the setup again.
Flows into XRP investment products continued to offer support. These products posted a second consecutive week of inflows, adding $10.68 million and bringing cumulative inflows close to $1.44 billion. SoSoValue data showed daily inflows of $5.30 million on June 16, up from $2.82 million on June 15. Even so, total net assets slipped from $1.11 billion to $1.06 billion, showing that weaker price performance offset part of the incoming demand.
Spot buying improved while Binance perpetual traders kept selling
CryptoQuant analyst Amr Taha said XRP reclaimed $1.20 as spot cumulative volume delta, or CVD, rose to $267.4 million, its highest reading since mid-May. For comparison, the same metric was near negative $177 million on April 12. That shift suggests spot buyers have returned across exchanges, a notable signal because spot activity reflects direct demand rather than leveraged positioning alone.
The derivatives side looked very different. Taha said Binance perpetual CVD dropped to a record low near negative $792.5 million, compared with about negative $218 million on May 12. In practical terms, perpetual traders on Binance continued leaning short even as spot demand recovered. Open interest remained around $251 million, which indicates leverage has not fully cleared from the market. If spot buyers keep absorbing that pressure, short positions could face stress. If demand fades, downside risk would likely grow.
BankXRP also pointed to a Binance deposit and withdrawal pattern. According to the analyst, XRP printed the same exchange-flow signal seen near the last two cycle bottoms, though he also warned that the sample size remains small.
Bollinger Bands and RSI still point to a range
Technical readings show XRP staying inside a consolidation zone rather than breaking decisively in either direction. The token traded near $1.1957, close to the Bollinger middle band around $1.1948. The upper band was near $1.3471, and the lower band near $1.0425. Price sitting around the middle band suggests volatility is not at an extreme, and the tighter band structure compared with earlier moves points to compression, not a confirmed breakout.
A push toward the upper band near $1.35 would show stronger upside intent. Rejection around the middle band would leave XRP stuck in its range and keep short-term control with sellers. The relative strength index stood at 45.71, still below the neutral 50 mark. Its moving average was around 34.62, indicating downside pressure has eased, but momentum has not fully turned positive.
Support at $1.19 and $1.14 remains central
On EGRAG’s daily map, $1.11 marks the survival zone, $1.21 is the first sign of strength, and $1.28 is the next level where structure starts to improve. He said a move into the $1.35 to $1.38 area would show stronger buyer control, while $1.51 remains the major breakout region.
That framework matches the current range. XRP needs to hold $1.19 first, then reclaim $1.28 and $1.35 before a broader recovery can gain traction. A break below $1.14 would put $1.11 and $1.05 back into focus. Right now, the market is balancing two competing signals: ETF inflows and stronger spot CVD on one side, weak RSI, compressed Bollinger Bands, and persistent Binance short pressure on the other.