XRP Holds $1.10 Support as ETF Inflows Grow, but Caution Lingers
XRP stabilized above the $1.10 area after a recent breakdown, supported by continued inflows into XRP-linked products and stronger futures activity. The move remains tentative, with the token still lagging broader crypto benchmarks and trading below major moving averages.
What happened?
XRP stabilized above the $1.10 area after a recent breakdown, supported by continued inflows into XRP-linked products and stronger futures activity. The move remains tentative, with the token still lagging broader crypto benchmarks and trading below major moving averages.
Why it matters
The stabilization matters because XRP is still under pressure compared with the broader crypto market. While institutional flows into XRP-linked products continued, the token underperformed major crypto benchmarks by nearly two percentage points, suggesting that buyers have not yet regained clear control.
XRP held above the closely watched $1.10 level on June 11, recovering from recent weakness and gaining about 1% over the 24-hour session. CoinDesk reported that the token climbed to $1.1141 after dipping near $1.11, with a late surge in volume briefly pushing it above $1.12.
The stabilization matters because XRP is still under pressure compared with the broader crypto market. While institutional flows into XRP-linked products continued, the token underperformed major crypto benchmarks by nearly two percentage points, suggesting that buyers have not yet regained clear control.
XRP-linked investment products drew another $6.75 million in inflows, bringing cumulative ETF inflows to about $1.44 billion, according to the report. Futures trading activity also rose sharply to roughly $5 billion during the session, but open interest remained near cycle lows, pointing to short-term repositioning rather than strong long-term conviction.
Technical signals remain mixed. XRP is still trading below its 50-day, 100-day and 200-day moving averages, leaving the broader downtrend intact despite the short-term bounce. The first resistance zone traders are watching sits around $1.12 to $1.13, with the latest rally having stalled near $1.1352.
The $1.10 area remains the key support level. A sustained hold above it would keep the stabilization attempt alive, while a loss of the $1.05 to $1.10 zone could refocus attention on the psychologically important $1.00 level. Separately, the XRP Ledger’s version 3.2.0 upgrade is scheduled for June 15 and is expected to reduce server memory requirements while renaming the core software from “rippled” to “xrpld.”