XRP price news: RIpple-linked token steadies above $1.10 from four-month lows
XRP bounced after a sharp selloff, but the move looks like stabilization rather than a confirmed trend reversal. Price recovered from about $1.09 to around $1.14, with a brief volume spike pushing it above resistance near $1.1350 before momentum faded. XRP remains in a descending channel, with lower highs still intact. Market signals are mixed: more than 25 million XRP left exchanges, suggesting accumulation, while XRP-linked ETFs saw about $118 million in May inflows and nearly $1.4 billion cumulatively. The RSI is at one of its most oversold levels since before the November 2024 rally, hinting that selling may be tiring. Key levels: $1.13-$1.14 is near-term support, $1.15 is first resistance, and a move above $1.20 would signal improvement. Failure at $1.10 could expose the $1.00 area.
