XRP Tried to Break Out, Got Invited Back Below $1.23 Instead 🎢

XRP slipped below the $1.23 mark on June 17, 2026, reversing a brief push above $1.25 as heavy selling returned during the session, with one analysis noting that rising volume suggested traders used the rally to cut positions rather than add risk. The token fell from $1.2619 to $1.2205 over the 24-hour window, a 3.3% decline, as afternoon trading volume surged to 87.5 million XRP and broke support near $1.2240. A late-session recovery attempt reached $1.223 before reversing sharply, reinforcing that zone as near-term resistance and extending the lower-high pattern that emerged after XRP was rejected near $1.25.

The pullback came even as spot XRP ETF products recorded a second straight week of inflows, drawing $10.68 million and pushing cumulative inflows to roughly $1.44 billion. South Korea's Upbit exchange continued to account for an outsized share of activity, with wallet-flow dominance climbing from 13% to 31% in the week through June 14. Ripple separately continued expanding its payments infrastructure, including recent activity tied to RLUSD and cross-border settlement initiatives.

Traders are watching the $1.20 area as the line that holds the broader recovery together, with a close below it raising the risk of a deeper retracement toward $1.15. Immediate resistance sits at $1.223, followed by $1.25, the level where the most recent rally stalled. Despite the move lower, XRP remains above the $1.20 breakout zone, meaning the recovery structure is weakened but not broken. A move back above $1.25 would be required to suggest the failed breakout was profit-taking rather than the start of a deeper reversal.