XRP Capitulates, Recovers, Then Capitulates Again — Classic Crypto 🪞

XRP fell more than 4% in a 24-hour session to test support in the $1.10–$1.12 range after losing the $1.13 level on sharply elevated volume, according to market data. The token slid from $1.1505 to $1.1248 as trading volume surged to 109.9 million XRP, more than double the daily average, before stabilizing near $1.1240. The move kept XRP inside a descending channel and below its 100-day and 200-day moving averages.

Onchain data from Glassnode showed holders selling at a loss at one of the highest rates in recent memory. The 90-day moving average of XRP's realized profit-to-loss ratio has plunged to 0.38, meaning investors are realizing roughly 38 cents in profit for every $1 of losses. That marks a sharp reversal from the 2025 peak, when the ratio reached 50 and profit-takers outnumbered loss-sellers 50-to-1. XRP traded around $1.11, down nearly 40% for the year and well below its July peak above $3.60, conditions that analysts widely associate with late-stage bear markets.

The token attempted a modest recovery in the following session, gaining about 1% to reach $1.1141 after a late-session volume surge briefly pushed it above $1.12. Earlier rallies had been rejected near $1.1352. Institutional demand remained visible: XRP-linked investment products attracted another $6.75 million in inflows, lifting cumulative ETF inflows to roughly $1.44 billion, while futures activity climbed to roughly $5 billion even as open interest sat near cycle lows. Traders also looked ahead to the XRP Ledger's version 3.2.0 upgrade scheduled for June 15, which is expected to reduce server memory requirements by around 40% and rebrand the core software from "rippled" to "xrpld."

Technically, momentum indicators on the daily chart are nearing oversold territory, with RSI readings approaching levels that have historically preceded short-term relief rallies. $1.10 remains the key support zone, with a decisive break lower raising the risk of a move toward $1.00 and potentially the $0.80–$0.90 area. Reclaiming $1.13 is the first hurdle for bulls, followed by $1.20 and the larger $1.35–$1.40 resistance band.