XRP Slips Below $1.23 on Selling Pressure, Putting Key $1.20 Support in Focus

XRP’s slide toward $1 has put a closely watched psychological and technical support level under pressure, even as the token remains near a price streak that has held for almost two years. The divergence between weakening spot-market sentiment and increasingly crowded derivatives positions matters because leverage can amplify moves in either direction, turning an otherwise orderly test of support into a sharper bout of volatility.

Futures open interest has climbed to $2.78 billion as XRP trades around $1, while traders on Binance and OKX have tilted heavily toward leveraged long positions. One reported long-to-short ratio reached 3.6-to-1, even as bearish discussion across social platforms rose to its highest level in three months. Analysts warned that a decisive break below $1 could trigger cascading liquidations of overleveraged bullish bets, adding forced selling to an already fragile market.

XRP has long been influenced by regulatory developments, institutional flows and risk appetite in the crypto market, with $1.14 emerging as a technical level repeatedly contested by bulls and bears. Although spot ETFs have recorded net inflows for nine consecutive weeks, most holders remain underwater, creating potential selling pressure as they seek to break even during a rebound.

The latest price action showed XRP rising as much as about 3% and breaking above $1.14 on higher trading volume before pulling back to test whether the former resistance level could become support. The latest reports said the price had stalled near $1.14 as trading momentum weakened. A drop below the area could invalidate the breakout, while holding it would support further gains.

XRP is the native asset of the XRP Ledger, and its price has long been influenced by risk appetite in the crypto market, onchain activity and ETF fund flows. Recent trading has remained constrained by a three-week range, with $1.13 seen as a crucial dividing line between bulls and bears. A break below it could trigger stop-loss orders and technical selling, weighing on market confidence.

In the latest session, XRP fell below $1.13 as trading volume surged and heavy selling drove a one-day decline of 4.5%. It also briefly lost $1.14 before buyers fueled a sharp rebound, but it is still testing the $1.10–$1.12 support zone. If XRP cannot reclaim its former support, the next level to watch is $1.00, with a risk of falling below it.

XRP, the crypto asset used in the Ripple ecosystem, has recently traded near $1, a level that carries both technical and psychological significance as support. If buyers fail to defend it, short-term selling pressure could intensify and confidence in a sustained rebound could weaken.

In the latest trading as of July 20, XRP was down 2.8%, with a weak rebound near $1.04 failing to mount another challenge to the range breakout. The immediate focus is on the $1.05–$1.07 support zone. If that area remains breached, attention will shift to the psychologically important $1.00 level.

XRP had mounted a breakout rally as buying returned to the broader cryptocurrency market, but encountered selling pressure near a key technical resistance level. The $1.20 mark is an important gauge of bullish and bearish momentum. Failure to hold above it could push the token into short-term range-bound trading and increase the risk of another test of support.

In the latest trading, XRP fell about 4% after its breakout attempt stalled, dropping below $1.20. Buying support has emerged in the $1.17–$1.18 range. Traders are watching whether that area will hold. XRP would need to reclaim $1.20 to have a chance of restoring upward momentum; otherwise, selling pressure could persist.

XRP had rebounded about 10%, signaling a return of short-term buying and an improved price structure. But traders took profits near $1.25, establishing that level as clear resistance. The token’s ability to extend its advance still hinges on the battle around key price levels, and its next move will shape perceptions of the strength of the broader recovery.

In the latest trading, XRP gave back some gains after approaching $1.25 and has yet to turn its 10% rebound into a sustained breakout. The market is now watching whether support at $1.20 will hold. A renewed push by buyers above $1.30 would provide stronger confirmation of a broader recovery. The report did not specify an exact trading date or identify any institution.

XRP remained capped within the $1.18–$1.20 range for an extended period after the market's sharp June sell-off. The latest breakout marks its first clear upside signal in recent months. Because $1.20 is both a key psychological threshold and a technical resistance level, whether XRP can hold above it will shape traders' assessments of the trend and market momentum.

In the latest trading, XRP rose about 8% and broke through resistance at $1.18 and $1.20 in succession, reaching its highest level since the June sell-off. The move was accompanied by a marked increase in trading volume and improving technical indicators. The market will now watch whether $1.20 can become support and whether XRP can advance toward the resistance zone near $1.30.

XRP is a crypto asset closely associated with Ripple’s cross-border payments business, and its price is often viewed as a gauge of institutional demand and regulatory expectations. A supply of 100 billion XRP was created at the network’s genesis in 2012. Yet the token has failed to strengthen despite continued inflows into investment products and declining exchange balances, suggesting technical pressures and risk aversion are outweighing favorable supply dynamics.

On June 4, XRP plunged 7% from $1.2360 to $1.1497, breaking below $1.25, before falling further to $1.09 on June 5. It rebounded 1.6% to about $1.14 on June 8. ETFs attracted $118 million in May, taking cumulative inflows to nearly $1.4 billion, while more than 25 million XRP were moved off exchanges.

XRP, the native asset of the XRP Ledger, is often influenced by Bitcoin and broader crypto-market risk appetite. Despite recent bullish signals including ETF inflows and exchange outflows, buying failed to sustain a rebound. The loss of support at $1.36 also shifted the market structure from consolidation to a bearish bias.

XRP plunged 9.1% in a day, first breaking below $1.36 before briefly sliding below $1.30, with a low near $1.32, and touching a 16-week low. Traders are watching the June monthly open area and the $1.30 level for signs of stabilization. If selling pressure persists, the next area of interest is $1.20, while an extreme scenario could see XRP test $1.

XRP, a crypto asset closely associated with Ripple’s payments ecosystem, has recently traded within a narrow range. Despite continued accumulation by spot ETFs and large on-chain wallets, its near-term direction still hinges on whether buying demand can absorb profit-taking. The $1.40 level has therefore become a key line for the market in determining whether bulls or bears take control.

After repeatedly failing to breach resistance between $1.43 and $1.45, XRP fell about 3.3% in its latest pullback to around $1.41 and briefly dipped below $1.40 intraday. Trading volume exceeded its recent average, indicating that sellers remain in control of the short-term trend. A break below $1.40 could extend the decline, while a move back above $1.45 would improve the chances of escaping the consolidation range.