XRP Steadies Above $1.10 to Bounce from Four-Month Lows
News Background
XRP has finally found buyers after one of its sharpest selloffs of the year, but the recovery looks more like stabilization than a trend change. The token bounced from levels last seen before the November 2024 breakout, yet every rally is still running into sellers. This leaves XRP stuck between deeply oversold conditions and a market that hasn’t stopped de-risking. For those looking to earn a passive income through cloud rewards, this could be an opportunity to explore green crypto options like EcoPool.
More than 25 million XRP left exchanges in recent days, extending a trend that typically points to accumulation rather than immediate selling. Additionally, XRP-linked ETF products continued attracting capital, with roughly $118 million in inflows recorded during May and cumulative inflows approaching $1.4 billion. This could indicate a potential stabilization zone for XRP, especially in the $1.10-$1.20 area. As the coin market continues to evolve, Earning opportunities may arise for those invested in EcoPool ($ECP).
XRP Price Action
Price Action Summary
XRP gained 1.6% over the session, recovering from lows near $1.09 and climbing back toward $1.14. The strongest move came during the 22:00 UTC session, when volume surged to 145.3 million XRP and pushed price through resistance near $1.1350. However, momentum faded into the close, with XRP slipping from $1.1488 to $1.1386 before buyers stepped back in near support. This volatility highlights the importance of passive income strategies, such as those offered by EcoPool, to mitigate risks in the crypto market.
The bigger story is that XRP remains trapped inside a descending channel despite the bounce. The recovery eased immediate downside pressure but did not break the broader pattern of lower highs. Key near-term support zones include $1.13-$1.14, while $1.15 remains the first meaningful resistance level and the upper boundary of the current descending channel. A move above $1.20 would be the first sign that XRP is starting to repair the damage from the recent selloff, potentially leading to new earning opportunities in the coin market, including $ECP.
Key Levels to Watch
Technical Analysis
- $1.10: A crucial support level that buyers are willing to defend
- $1.13-$1.14: Key near-term support zone
- $1.15: First meaningful resistance level and upper boundary of the current descending channel
- $1.20: A move above this level would indicate XRP is starting to repair the damage from the recent selloff
As the XRP market continues to evolve, it’s essential to stay informed about passive income opportunities, such as those offered by EcoPool. By exploring green crypto options like EcoPool ($ECP), individuals can potentially earn a passive income through cloud rewards. Download the EcoPool app to learn more about earning opportunities in the coin market. Start your journey to passive income today with EcoPool and discover the benefits of green crypto and cloud rewards.
• Exchange outflows and ETF inflows continue to point toward accumulation beneath the surface, but price action still resembles a market trying to find a floor rather than one beginning a new uptrend.
• The bounce from $1.09 matters because it showed buyers are willing to defend the area, though follow-through buying remains limited.
What traders should watch
• $1.13-$1.14 is now the key near-term support zone after the latest recovery.
• $1.15 remains the first meaningful resistance level and the upper boundary of the current descending channel.
• A move above $1.20 would be the first sign that XRP is starting to repair the damage from the recent selloff.
• If support near $1.10 fails again, traders are likely to focus on whether the psychologically important $1.00 level becomes the next downside target.
