$XRP The price traded near $1.20 on June 17 as buyers attempted to maintain a narrow support zone while ETF inflows and spot demand improved.
According to crypto.news market data, $XRP fell 3.29% over 24 hours, with a trading volume of $1.76 billion. The token ranged between $1.20 and $1.25, while its market capitalization stood at approximately $74.45 billion.
$XRP Price holds at $1.20 as ETF inflows return
The last decline occurred after $XRP briefly pushed above $1.26 and reached $1.2996, according to levels tracked by analyst EGRAG Crypto. He said the next task would be to see if $XRP can transform old resistance into new support.
#$XRP 4H update: targets reached one by one 🎯🔥 (Updated):
Yesterday, the map was clear:
▫️ Hold $1.14 → Retest $1.1938
▫️ Breakout of $1.1938 → target of $1.2600
▫️ Lose $1.09 → risk towards $1.05#$XRP did exactly what the structure suggested.
▫️First, the price held the $1.14 battlefield… pic.twitter.com/IvzdElDZ3C– EGRAG CRYPTO (@egragcrypto) June 16, 2026
EGRAG wrote that holding above $1.19 keeps the “structure remaining bullish,” while a move below this level could open a retest of lower support. He also said a loss of $1.14 would weaken the pattern again.
ETF flows remain a key supporting factor. $XRP Products recorded a second consecutive week of inflows, adding $10.68 million and cumulative inflows of nearly $1.44 billion.
Daily flows have also improved. According to SoSoValue, $XRP products added $5.30 million on June 16, up from $2.82 million on June 15. Total net assets slipped further to $1.06 billion from $1.11 billion, showing that weak pricing offset some of the demand.
As previously reported by crypto.news, $XRPBitcoin and Ethereum related products had already outperformed Bitcoin and Ethereum funds for five consecutive weeks. This demand did not prevent the chart from remaining weak, but it helped to maintain it $XRP Above the deeper $1.10 zone.
Spot demand collides with Binance short squeeze
CryptoQuant analyst Amr Taha said $XRP recovered $1.20 while the cumulative spot volume delta reached $267.4 million, its highest level since mid-May. He said the same figure was close to negative $177 million on April 12.
The reading suggests that spot buyers have returned to the trades. This is important because spot purchases reflect direct demand for $XRPnot just leverage trading.
Derivatives markets tell a different story. Taha said Binance’s perpetual CVD fell to an all-time high of nearly negative $792.5 million, from around negative $218 million on May 12.
This means that Binance perpetual traders continued to sell even as spot demand improved. With open interest nearing $251 million, leverage hasn’t completely left the market. If cash buyers continue to absorb this pressure, short positions could face stress. If demand fades, the same pattern can increase downside risk.
Additionally, BankXRP also highlighted a deposit and withdrawal model on Binance. The analyst said $XRP printed the same trade flow signal that appeared near the last two cycle lows, although it cautioned that the sample size is small.
$XRP just printed the same Binance deposit/withdrawal signature that reported its last two cycle lows.
In June 2025 and again in April 2026, a sharp increase in deposit transactions (coins went public, signaling selling pressure) was followed almost immediately by a… pic.twitter.com/P3e2not5Z2
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) June 17, 2026
The technical configuration retains $XRP inside the range
Bollinger Bands Show $XRP trading near the middle band. The price was near $1.1957, close to the middle band around $1.1948, while the upper band was near $1.3471 and the lower band near $1.0425.
This position shows $XRP is not at clear extreme volatility. The bands also appear compressed from previous moves, indicating consolidation rather than a confirmed breakout.
A move towards the upper band near $1.35 would show better strength. Rejecting the intermediate band would maintain $XRP limited to a range and giving sellers control over short-term direction.
The RSI stood at 45.71, still below the neutral level 50. Its moving average was near 34.62, meaning the downward pressure has eased, but the momentum has not completely turned positive.
Key $XRP levels decide next move
EGRAG’s daily map places $1.11 as the survival zone, $1.21 as the first strength, and $1.28 as the next level where the structure improves. He said $1.35 to $1.38 would show stronger buyer control, while $1.51 remains the main breakout zone.
#$XRP Daily – The fuse has spoken, the scope decides🔥:
This graph concerns the behavior of the wicks and the scope. The bullish lower wick of the $1.11 area was not random.
🏳️Now look at the top strand from yesterday:
▫️The price increased, but sellers were close to resistance. So the… pic.twitter.com/NoGmxiILcf– EGRAG CRYPTO (@egragcrypto) June 16, 2026
This view corresponds to the current range. $XRP It must first hold $1.19, then recover to $1.28 and then $1.35 before a broader rally can gain momentum. A break below $1.14 would put $1.11 and $1.05 back in focus.
As crypto.news reported earlier, $XRP had already faced pressure near $1.14 after ETF outflows and whale sales weakened the market in early June. More recent coverage also highlighted that whale accumulation and resistance at $1.30 remained key factors following the latest bounce.
The market now has two competing signals. ETF inflows and spot CVDs indicate demand, while low RSI, compressed Bollinger Bands, and Binance’s strong short squeeze show caution.