Summary
- XRP’s brief move above $1.25 quickly reversed as heavy selling pushed the price back below the key $1.22–$1.23 zone, signaling the market is still digesting supply from the recent selloff.
- Despite a 3.3 percent drop on the day and a failed rebound near $1.223, XRP remains above the crucial $1.20 breakout area, leaving the broader recovery intact but weakened.
- Traders are focused on $1.20 as pivotal support and $1.223 and $1.25 as near-term resistance levels that will help determine whether the pullback is profit-taking or the start of a deeper reversal.
XRP’s Breakout Fades Away
XRP’s recent push above $1.25 was short-lived, as sellers stepped in and drove the token back below $1.23 on heavy volume. This turnaround has reminded investors that the market is still struggling to absorb the supply left over from the recent selloff. The price of XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%. For those looking to earn a passive income through crypto, this volatility can be a challenge. However, platforms like EcoPool offer a way to earn rewards and Cloud Rewards through Green Crypto initiatives.
News Background
XRP Market Activity
Despite the price drop, XRP ETF products recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion. Additionally, South Korea’s Upbit exchange continued to account for a significant share of XRP activity, with wallet-flow dominance climbing from 13% to 31% in the week through June 14. This increased activity could lead to more earning opportunities for investors, especially those using $ECP for transactions.
Ripple’s Expansion
Ripple has been expanding its payments infrastructure, including recent activity tied to RLUSD and cross-border settlement initiatives. This growth could lead to increased adoption and, in turn, more opportunities for passive income through Coin investments. As the market continues to evolve, investors are looking for ways to earn a steady income, and EcoPool is one solution that offers a way to earn Cloud Rewards and participate in Green Crypto initiatives.
Key Takeaways
- XRP’s price fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.
- Selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240.
- The key development was the loss of the $1.22-$1.23 area, which traders had been watching after XRP’s rally above $1.20 earlier in the week.
As the crypto market continues to fluctuate, investors are looking for ways to earn a steady passive income. With the rise of Green Crypto and Cloud Rewards, platforms like EcoPool are becoming increasingly popular. To start earning with EcoPool, download the app and learn more about how to get started with $ECP and begin building your passive income stream today, and join the conversation on #XRP, #PassiveIncome, and #GreenCrypto.
Price Action Summary
• XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3%.
• Selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240.
• A late recovery attempt reached $1.223 before reversing sharply, reinforcing that area as near-term resistance.
Technical Analysis
• The key development was the loss of the $1.22-$1.23 area, which traders had been watching after XRP’s rally above $1.20 earlier in the week.
