XRP has gained approximately 0.72% during the 24-hour session, trading near $1.12 after recovering from lows near $1.09. The cryptocurrency managed to hold the critical $1.10 support level following last week's sharp breakdown, with the strongest move coming late in the session when heavy volume pushed price through resistance around $1.1114 and briefly lifted XRP above $1.12. However, earlier attempts to rally were rejected near $1.1352, leaving that level as the clearest near-term resistance zone. Despite the technical stabilization, XRP continues to lag the broader crypto market by nearly two percentage points, remaining below its 50-day, 100-day and 200-day moving averages, with the broader technical structure continuing to favor sellers. The price had previously stabilized around $1.14 after a sharp decline from $1.45, with analysts warning it could fall further to $0.90 before finding a strong bottom. According to latest market data, XRP's 24-hour trading range stood between $1.09 and $1.13, with volume around $1.94 billion, while its market capitalization was near $69.2 billion, keeping the token ranked sixth by market value.
XRP-linked investment products attracted another $6.75 million in inflows, bringing cumulative ETF inflows to approximately $1.44 billion, according to the latest data. However, recent data from SoSoValue shows XRP recorded $1.19 million in daily net inflows, while total net assets stood at $948.98 million, indicating modest institutional demand compared to earlier highs. The CLARITY Act cleared the Senate Banking Committee in a bipartisan vote on May 14 and moved onto the Senate Legislative Calendar on June 1, though passage timeline remains tight with Polymarket odds at 55% and Galaxy Digital cutting its estimate from 75% to 60%. The CLARITY Act's passage timeline is tight, with the August recess serving as the hard deadline, and Senator Lummis has warned that missing it pushes the bill's next viable path to 2030. 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.
The XRP/USDT daily chart remains bearish after the token fell from January highs above $2.30, with XRP moving sideways between March and May before breaking lower in June. Bollinger Bands show XRP trading near the lower band at $1.0408, meaning the token recently moved into a weak area where oversold rebounds can develop. The middle Bollinger Band sits near $1.2380, which is now a key recovery level because XRP needs to reclaim it to show stronger momentum beyond a short-term bounce. RSI sits near 31.66, slightly above its average line at 30.99, showing XRP has bounced from near-oversold conditions, but momentum remains weak. A move back above 40 would be an early improvement, while a move above 50 would offer a stronger sign that buyers are taking back control. The TD Sequential indicator has also flashed a buy signal, according to analyst Ali Charts, supporting the short-term rebound case. Market analyst CW noted that XRP is showing net buying after two days of net selling, with Binance showing the strongest buying pressure, while Coinbase also showed notable net buying, which can help XRP defend support.
Ripple CTO Emeritus David Schwartz outlined that the XRP Ledger is transforming into a comprehensive settlement and issuance layer for tokenized assets beyond traditional payments. According to reports from Crypto.news, Schwartz positioned XRPL as providing both native digital assets similar to Bitcoin and issued assets representing stablecoins or tokenized assets of any kind. The roadmap includes tokenized securities, money market funds, tokenized stocks, tokenized repos, and tokenized loans as the next phase of development, with the XRPL processing over 4 billion total transactions to date and $474 million now tokenized as real-world assets. 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". The network event may support short-term attention around XRP, though price must confirm recovery through the chart, not only through development updates.
Despite the technical stabilization, XRP faces structural challenges as banks can use Ripple's payment network without holding large amounts of XRP, and Ripple's own RLUSD stablecoin may capture institutional utility XRP was meant to serve. The current setup shows a cautious recovery with XRP remaining below major recovery levels and continuing to lag stronger parts of the crypto market. If XRP closes above $1.13 with stronger volume, traders may look toward $1.18 and $1.2380 next, while if it loses $1.10, the market could retest $1.09 and then the lower Bollinger Band area near $1.04. Analysts suggest $0.90 as a strong accumulation zone for long-term investors, while downside support levels include $1.1250 and $1.110 if upward momentum falters. Traders should watch $1.10 as the key support level, with $1.12-$1.13 as the first resistance zone and $1.1352 where the latest rally stalled. A move above $1.26 would begin repairing the chart meaningfully and shift focus back toward the $1.30-$1.40 region, though if XRP loses $1.05-$1.10 support, traders are likely to discuss a move toward the psychologically important $1.00 level.
