New York, June 23, 2026, 08:07 EDT
- XRP hovered just above $1.11, after dipping to an intraday low at $1.099. Traders are watching the $1.05 to $1.10 support area.
- Ripple picked up early approval in Luxembourg under the EU’s crypto rules, CoinDesk reported, but its token slipped along with bitcoin and ether.
- Chart traders see a possible break either down toward $1.00 or a bounce that sends prices near $1.40.
XRP traded around $1.11 on Tuesday, staying near the lower end of its three-week range. Traders were looking to see if buyers would hold the $1.05–$1.10 support zone. The token stayed weak, despite Ripple, which is behind XRP Ledger, getting an early regulatory win in Europe.
XRP isn’t trading in the quiet middle band right now. CoinDesk reported the token slid to $1.1109 from $1.1313 over the last 24 hours. On June 22, sell volume reached 65.4 million XRP, which is 84% above the average, CoinDesk said.
XRP is holding around the $1.05-$1.10 band, and traders see that zone as key for the next direction. A push under that could bring $1.00 back on the table, but bulls will want to see $1.18 reclaimed before thinking about $1.20-$1.30, CoinDesk said.
XRP is dropping along with the broader crypto market. Bitcoin hovered at $62,471 and ether traded near $1,659, market data showed. CoinDesk reported that a Nasdaq-driven selloff knocked bitcoin toward $62,300 and sent ether down over 4%. Solana slipped as well, with losses seen across coins, not just in single tokens.
Chris Weston, head of research at Pepperstone Group in Melbourne, told Reuters, “These are far from dull markets,” and said the “former generals” seem to have lost momentum. MUFG currency strategist Lee Hardman said higher U.S. yields are making things more difficult for risk assets, a line that also works for crypto’s recent drop. Reuters
Ripple picks up regulatory momentum as it secures a preliminary CASP license nod from Luxembourg’s financial regulator. The approval falls under MiCA, allowing Ripple to move toward regulated crypto services in the EU. With the CASP license, the firm can offer regulated crypto services across the bloc if fully approved.
Ripple says its new license will let it bring stablecoin payments to European firms and move into more crypto services. Cassie Craddock, Ripple’s UK and Europe managing director, said “MiCA has helped to unlock a new wave of institutional digital assets adoption,” and added that “financial market infrastructure is moving onchain.” CoinDesk
XRP holders still face the same risks. Crypto.news said the Luxembourg move by Ripple is tied to its payments setup, not to changing rights for XRP holders. The token keeps trading on the same charts and under the same liquidity strains as other big crypto names.
The bullish technical trade on XRP is still on the table, but it’s just a trade. Cointelegraph, via TradingView, notes XRP’s 20-week exponential moving average is about to cross below the 200-week average — the so-called “death cross.” That’s usually seen as bearish, with the short-term trend line dropping under the long-term one. But previous XRP death crosses were followed by rebounds toward the longer average. TradingView
Cointelegraph said a similar swing would target $1.39-$1.40, which would be about 23%-25% higher by July from current levels near $1.13. The outlet also pointed to CoinGlass liquidation-map data, showing roughly $236.5 million in short liquidity near $1.37-$1.40. That’s where short positions could be forced to unwind if prices climb.
The risk is still in play. Coinpedia earlier called $1.13 an important weekly line and warned that staying below it could send prices toward $0.90-$1.00, with small support near $1.08-$1.10.
Crypto bulls could face trouble if wider selling triggers a real breakdown at support. CoinDesk reported XRP futures open interest climbed to 2.38 billion tokens even with prices dropping, calling this a sign the downtrend holds. Marketwide liquidations hit $717 million as altcoins lagged behind bitcoin and ether.
XRP ETFs brought in another $2.4 million on June 20, CoinDesk reported, even as retail traders cooled and network activity slipped. That keeps institutional flows in play while XRP sits on a shaky $1.10 support. It’s a plain split: big investors still buying, price clinging to the floor.
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