XRP slipped 2.5% over the past 24 hours, falling from $1.2170 to $1.1869 as its push toward $1.25 ran into the same wall of sellers that has capped every rally since the spring selloff. The token lost the $1.20 level on heavy volume before stabilizing above support near $1.18.
Sellers Take Control Near Resistance
Heavy selling pressure drove XRP through the $1.20 level that traders had been watching closely, reversing part of an earlier upside move that had drawn significant attention from market participants.
The selling intensified late on June 17, when volume spiked to 128.7 million XRP, more than double normal levels, snapping support at $1.20. But buyers stepped back in near $1.1750, holding above the session low of $1.1747 and producing a modest late rebound. That floor limited the immediate damage, though the broader picture remains mixed: XRP is still above the $1.11 to $1.15 demand zone that launched the rally, but below the larger resistance band near $1.25.
Two-Way Pressure at Play
The move was technical rather than headline-driven, with sellers repeatedly defending the same resistance zone that has stalled XRP’s recovery for weeks. The expansion in volume during the decline suggests active selling rather than a simple lack of buyers, and the failure to hold $1.20 leaves near-term momentum in question even though last week’s breakout structure is still intact.
What Comes Next
With $1.17 now acting as the immediate floor and $1.20 as the ceiling sellers defended, XRP is caught in a narrow band. A break below $1.1750 would raise the risk of a move back toward $1.15, while a recovery above $1.20 would suggest the pullback was profit-taking rather than the start of a larger reversal.
