XRP price defends $1.12 as analysts eye breakout setup

XRP price traded near $1.13 on June 22 after briefly slipping to about $1.12 during Sunday’s session. 

Buyers stepped in near that level and pushed the token back toward $1.15 within hours, keeping attention on the lower end of the range.

The move kept XRP inside the broad $1.10-$1.30 band that has guided price action for most of June. The token was down over 4% for the week and more than 13% over the past month, showing that the short-term rebound has not erased the wider weakness.

crypto.news data showed 24-hour volume near $1.28 billion, with XRP ranked sixth by market value. Its market capitalization stood near $70.28 billion, while fully diluted value remained above $113 billion. Circulating supply was about 62.05 billion XRP from a maximum supply of 100 billion tokens.

The support test matters because XRP has already struggled to hold higher levels this month. A prior move below $1.15 turned that area into the first resistance zone. Bulls now need to regain $1.15, then $1.20, before a stronger recovery setup can form.

XRP indicators show early recovery signs

The MACD shows a mild bullish turn. The histogram is slightly positive near 0.0045, while the MACD line sits around -0.0379 and above the signal line near -0.0424. That setup points to weaker bearish momentum and a short-term recovery attempt.

The signal remains early because both MACD lines are still below the zero line. That means momentum has not moved fully back into bullish territory. XRP needs stronger follow-through before traders can treat the setup as a confirmed reversal.

The RSI stands near 40.51, slightly above its moving average of 39.81. This shows some improvement from weaker levels, but the reading remains below the neutral 50 mark. Buying strength is present, but still limited.

A move above 50 on the RSI would give bulls a cleaner technical signal. Until then, the chart still favors caution. The token is no longer showing heavy downside pressure, but it has not yet shown enough strength to confirm a new uptrend.

Flows and derivatives activity improve

Fund flows offer one of the more supportive signals for XRP. As previously reported, XRP-linked products recorded about $10.66 million in weekly net inflows for the week ending June 18. That was close to the prior week’s $10.68 million.

Cumulative net inflows rose to about $1.45 billion, while total net assets moved closer to $1 billion. These figures show that institutional-style demand has not disappeared, even as the spot price trades well below last year’s highs.

Derivatives activity also picked up. Coinglass data showed XRP volume rising 50.17% to $2.08 billion, while open interest increased 1.23% to $2.66 billion. Options volume rose 19.06% to about $609,170, and options open interest increased 0.75% to $65.47 million.

Higher volume and open interest can support sharper price moves, but they do not show direction by themselves. If long positions build while spot demand stays weak, volatility can rise on both sides. Traders will watch whether open interest grows with price recovery or with another failed bounce.

Analysts watch $1.36 and $1.08

Analysts remain split on whether XRP is building a base or forming another pause inside a downtrend. Javon Marks said XRP’s breakout remains valid and kept a long-term measured move target near $17. He wrote that traders are watching for “another >12X” move if the setup continues.

That target remains a projection, not a confirmed path. XRP would first need to clear several nearer resistance levels, including $1.15, $1.20 and $1.30. The larger bullish case becomes harder to defend if the token loses the lower range.

Another analyst using the name Batman pointed to a short-term compression phase. He said XRP still has an ascending demand trendline while descending resistance squeezes price action. He set the “breakout threshold” at $1.36 and the “invalidation” level at $1.08.

Those levels give traders a clear map. A move above $1.36 would suggest that buyers have taken control of the range. A loss of $1.08 would weaken the structure and could open the door to a deeper support test.

For now, XRP’s position remains mixed. The token has defended $1.12, flows have improved, and MACD is turning slightly higher. At the same time, RSI remains weak, price stays below neutral momentum levels, and the wider trend has not recovered.

The next move depends on whether buyers can turn the rebound into a sustained close above $1.15 and $1.20. If they fail, XRP may keep moving sideways near support. If selling returns below $1.10, the $1.08 invalidation level could become the next test.