XRP's $1.15 Support Now Has More Visitors Than a Fidget Shop — Still Not Buying 🪨

Ripple's [XRP] $1.15 level has been tested so many times over the past month that it now functions less as support and more as a suggestion, with the token sliding roughly 9% over the week to around $1.11 as of June 23, 2026. The latest session saw XRP fall from $1.1313 to $1.1109, a 1.8% decline, with the sharpest selling arriving during a June 22 reversal when volume jumped to 65.4 million XRP, roughly 84% above average. That followed a Sunday session in which XRP briefly dropped to $1.1213 on 85.8 million XRP in volume before rebounding to $1.148, and a Wednesday June 17 selloff that drove the token from $1.1873 to $1.1465 on 134.2 million XRP, approximately 170% above average, after a failed retest of the descending trendline near $1.25. Across the period, XRP has now been rejected multiple times below that $1.25 ceiling, with $1.20, $1.18, and $1.15 all giving way in sequence as the token drifted toward the bottom of its three-week range.

On-chain and flow data show a market in quiet redistribution rather than outright exit. Daily transaction count fell to 1.1 million, 41% below the six-month average of 2 million, while Binance deposit addresses dropped 96% month-over-month to just 52 per day, suggesting holders are not rushing to sell. The Binance XRP Scarcity Index slid to 0.34, its lowest in more than three months, down from around 0.80 through April and May, even as Upbit XRP Wallet Flow Dominance climbed to 37%, its highest since June 2024, with Binance's share at 0%. Network activity has softened, futures positioning and open interest have drifted lower, and XRP dominance has compressed to 3.23% from 5.50% in mid-2025, sitting at the apex of a descending triangle. Against that, XRP Ledger stablecoin supply reached an all-time high of $785 million, up more than 2% over the past week with roughly $17 million in net inflows, and the network recorded $1.9 billion in net real-world asset inflows over 90 days, the most of any major blockchain tracked.

Institutional demand has stayed intact even as retail sentiment weakens. XRP ETFs drew $2.4 million in inflows on June 20, adding to roughly $150 million in net inflows over the past 60 days according to SoSoValue, and XRPL's total value locked sits at around $39 million, down roughly 67% from a July 2025 peak near $120 million. Bitcoin [BTC] held near $65,000 during the consolidation, and one Hyperliquid [HYPE] wallet opened a 20x leveraged long of more than 27.924 million XRP, worth over $30 million, alongside roughly 810 BTC valued at $50.60 million, with a correlation coefficient between the two of 0.68.

Traders are now watching $1.05–$1.10 as the key line in the sand, with a break below refocusing attention on the $1.00 level, while resistance remains stacked from $1.147–$1.15 up through $1.20 and $1.25, and a sustained move above $1.28–$1.30 is needed to shift the broader structure. The Stochastic Momentum Index sat at negative 76 with RSI Divergence at 36, indicating oversold conditions, and until one side of the $1.05–$1.30 corridor gives way, XRP remains a range-trading story defined by repeated support tests rather than a directional trend.