NewsVideoPricesResearchEventsData & IndicesSponsored Jun 18, 2026, 5:08 a.m. 2 min readSummaryXRP slipped 2.5 percent to about $1.19 after briefly trading above $1.22, as heavy selling knocked the token back below the key $1.20 level.Buyers stepped in near $1.18, keeping prices above the $1.17–$1.18 support zone and preserving last week’s breakout from the $1.11–$1.15 demand area.Traders are watching $1.20 as immediate resistance and $1.1750 as critical support, with a break below risking a retreat toward $1.15 and a recovery above signaling simple profit-taking rather than a deeper reversal.XRP's push toward $1.25 ran into the same problem that has capped every rally since the spring selloff: sellers waiting overhead. After briefly trading above $1.22, the token lost the $1.20 level on heavy volume and spent the rest of the session trying to stabilize above support near $1.18. The pullback doesn't fully undo last week's breakout, but it does show buyers still have work to do before the market can challenge higher resistance levels.News Background• XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week's rally above $1.20.• Analysts continue to watch the $1.11-$1.15 demand zone that launched the latest recovery, viewing it as the line separating a correction from a larger breakdown.• Longer-term charts still show XRP trading beneath major moving averages despite the rebound from early June lows.Price Action Summary• XRP fell from $1.2170 to $1.1869 during the 24-hour session, losing 2.5%.• Selling intensified during the June 17 19:00 UTC session when volume surged to 128.7 million XRP, more than double normal levels, breaking support at $1.20.• The token later found buyers near $1.1750 and recovered modestly into the close, holding above the session low of $1.1747.Technical Analysis• The loss of $1.20 is the key development. That level had acted as support after XRP's breakout above $1.14 and $1.18 earlier in the week.• Volume expanded during the decline, suggesting the move was driven by active selling rather than a lack of buyers.• Despite the weakness, XRP avoided a more serious breakdown by holding the $1.17-$1.18 area, where buyers absorbed selling pressure and produced a late-session rebound.• The broader structure remains mixed. XRP is still trading above the $1.11-$1.15 demand zone that sparked the recent rally, but remains below the larger resistance band near $1.25.What traders should watch• $1.1750-$1.1850 is now the immediate support zone after absorbing the latest selloff.• $1.20 becomes the first resistance level bulls need to reclaim to regain momentum.• Above that, traders will focus on $1.22 and then $1.25, where recent rallies have repeatedly stalled.• A break below $1.1750 would increase the risk of a move back toward the $1.15 area, while a recovery above $1.20 would suggest the pullback was profit-taking rather than the start of a larger reversal.12345678910