XRP held above the key $1.10 support level after a late-session surge in trading volume helped lift prices off recent lows. Despite the rebound, the token continued to lag the broader crypto market, reflecting cautious sentiment even as institutional inflows and derivatives activity picked up.
The defense of $1.10 follows last week’s sharp decline, but the recovery remains tentative. While XRP-linked investment products continue to attract steady inflows and futures activity has increased, price action remains subdued near multi-month lows, contrasting with stronger rebounds in larger cryptocurrencies.
Institutional demand remains a stabilizing force. XRP-focused investment products saw an additional $6.75 million in inflows, bringing cumulative ETF-related inflows to around $1.44 billion. This suggests sustained longer-term interest despite weak short-term momentum.
On the development front, the XRP Ledger is set to launch Version 3.2.0 on June 15. The upgrade is expected to improve efficiency by reducing server memory usage by roughly 40% and will complete the transition of the core software branding from “rippled” to “xrpld.”
Market activity in derivatives picked up noticeably, with futures volume rising to nearly $5 billion. However, open interest remained near cycle lows, indicating that traders are mostly rotating positions rather than building strong new directional exposure.
XRP rose about 1% over the past 24 hours to $1.1141, recovering from intraday lows near $1.11. The strongest move came late in the session when volume spiked and price briefly pushed above $1.12 after clearing resistance at $1.1114.
Still, the broader technical outlook remains weak. Prior recovery attempts stalled near $1.1352, which continues to act as near-term resistance. XRP also remains below its 50-, 100-, and 200-day moving averages, keeping the wider trend tilted to the downside.
While rising volume shows renewed participation, subdued open interest signals limited conviction, with traders still favoring caution over aggressive positioning.
The $1.10 level remains the key short-term pivot. Holding above it supports stabilization, while a breakdown could expose downside toward $1.05 and potentially the psychological $1.00 level.
On the upside, resistance sits between $1.12 and $1.13, followed by $1.1352. A breakout above $1.26 would meaningfully improve the structure and could open the way toward $1.30–$1.40.
