XRP's $1.20 Breakup: Token Says "It's Not You, It's Resistance" 💔

XRP slipped 4 percent to roughly $1.18 on June 18, retreating after a brief push above $1.22 stalled at a closely watched resistance zone. The token lost the $1.20 level on heavy volume before buyers stepped in near $1.1750, preventing a deeper pullback toward the $1.15 area that defined the prior demand band. The session low touched $1.1747 before a modest recovery into the close, according to trading data cited by Shaurya Malwa.

The selling intensified during the June 17 19:00 UTC hour, when volume surged to 128.7 million XRP, more than double normal levels, breaking support at $1.20. Despite the loss of that level, XRP held above the $1.17–$1.18 zone, where buyers absorbed the heaviest pressure and produced a late-session rebound. The pullback came after a week in which ETF inflows and growing institutional participation helped drive XRP above $1.20 for the first time since the spring selloff.

Traders are now watching $1.1750–$1.1850 as immediate support and $1.20 as the first resistance bulls need to reclaim to regain momentum. A break below $1.1750 would expose the $1.11–$1.15 demand zone that launched the latest recovery, while a recovery above $1.20 would suggest simple profit-taking rather than a deeper reversal. Longer-term charts still show XRP trading beneath major moving averages despite the rebound from early June lows.

The broader structure remains mixed, with the token caught between the $1.11–$1.15 demand floor below and a larger resistance band near $1.25 overhead. Every rally since the spring has run into the same overhead supply, and this week's attempt was no exception.