XRP managed to hold the $1.10 area, which matters after last week’s sharp breakdown, but the recovery still looks tentative. Institutional money continues flowing into XRP-linked products and futures activity has picked up sharply, yet price remains pinned near multi-month lows while bitcoin and the broader market recover more aggressively.
News Background
• XRP-linked investment products attracted another $6.75 million in inflows, lifting cumulative ETF inflows to roughly $1.44 billion.
• The XRP Ledger’s version 3.2.0 upgrade is scheduled for June 15 and is expected to reduce server memory requirements by around 40% while rebranding the core software from “rippled” to “xrpld.”
• Futures activity surged to roughly $5 billion during the session, even as open interest remained near cycle lows, suggesting traders are actively repositioning rather than building long-term conviction.
Price Action Summary
• XRP gained about 1% during the 24-hour session, climbing to $1.1141 after recovering from lows near $1.11.
• The strongest move came late in the session when heavy volume pushed price through resistance around $1.1114 and briefly lifted XRP above $1.12.
• Earlier attempts to rally were rejected near $1.1352, leaving that level as the clearest near-term resistance zone.
Technical Analysis
• The most important takeaway is that XRP remains weak relative to the broader market. While the token posted a small gain, it underperformed major crypto benchmarks by nearly two percentage points.