New York, June 16, 2026, 17:47 (EDT)
XRP slid to about $1.22 Tuesday, pulling back after jumping past $1.20 earlier. The rally lost steam as sellers came in near a short-term top, and traders looked at a new Ripple payments agreement while some locked in gains. XRP hit $1.25 at its session high, trading between $1.21 and $1.25. Bitcoin, ether and solana also declined in Tuesday’s session.
XRP just got back over $1.20 after struggling to break that level for weeks. That $1.20 line has acted as resistance, with sellers showing up there. Support is where buyers try to stop a drop. CoinDesk said XRP moved up from about $1.14 to almost $1.25, but then selling hit, pulling attention back to the $1.20 level to see if it holds.
XRP jumps: what’s behind the move?
XRP-linked exchange-traded funds pulled in roughly $10.68 million for the week ended June 12, with total inflows close to $1.44 billion, according to crypto.news and SoSoValue. The report also noted wallets with at least 1 million XRP now hold 74.1% of the supply after picking up 1.53 billion tokens over six months. That points to big holders buying more, but it also raises concentration risk if they dump positions during price rallies.
Stocks caught a bid early, then lost steam. Reuters said oil fell after news of a temporary U.S.-Iran peace deal, easing some inflation concerns and giving risk assets a boost, but traders were still watching for the Fed’s rate move on Wednesday. Crypto has mostly acted like a high-beta risk trade this cycle. Relief on oil and rates can drive quick gains, but the momentum often doesn’t last.
Zaye Capital Markets analyst Naeem Aslam told Barron’s that investors want more evidence the “agreement holds,” and added that traders kept an eye on ETF flows, the dollar, Treasury yields, and if bitcoin could stay above the $65,000-$66,000 range. That ongoing caution is an issue for XRP, with altcoins tending to lag when bitcoin’s momentum is shaky. Barron’s
What changes with Ripple’s Flutterwave deal?
Ripple has put money into Flutterwave in the African payments startup’s Series E round, keeping Flutterwave’s valuation at $3.2 billion. With the investment, Ripple will bring in its RLUSD stablecoin, Ripple Payments, and the XRP Ledger to Flutterwave’s setup. Reece Merrick, Ripple’s managing director for Middle East and Africa, said stablecoins are getting “central to that story.” Flutterwave boss Olugbenga “GB” Agboola said the partnership is about “unlocking faster settlement.” PR Newswire
Flutterwave said its stablecoin infrastructure is now live with some merchants and in pilot on its Send App. This means there is some actual use behind the announcement, not only a headline about new funding. But it does not show that demand for XRP will climb just because more enterprises are on the network.
What’s on traders’ radar now?
The near-term setup is simple. Holding above $1.20 keeps the breakout on track. Bulls get more confidence if it trades through $1.27-$1.30. If it slips back below $1.18, this just looks like another bounce after a heavy selloff.
Biggest worry is that the news could end up stronger than price moves. ETF inflows might lose momentum, while bigger holders might sell off tokens. Ripple’s gains in stablecoins and payments don’t always mean spot XRP demand. That could bring prices back down to the old $1.14 to $1.15 range if things sour, instead of traders chasing the Flutterwave story.
Shorter week for U.S.-listed funds as NYSE markets are closed Friday, June 19 for Juneteenth. Spot XRP trades 24/7, but ETF flow numbers and traditional liquidity could be lighter leading up to the holiday.
