XRP Holds Above $1.10 as Buyers Defend Key Support After Sharp Selloff

XRP has shown signs of stability after one of its steepest declines of the year, recovering from a four month low near $1.09. The token gained around 1.2%% during the latest session and moved back toward the $1.14 level as buyers stepped in to defend important support.

Despite the rebound, XRP remains under pressure and continues to trade within a broader downward trend. Market participants are closely watching whether the recent recovery can develop into a stronger move or simply marks a temporary pause in selling.

Exchange Outflows and ETF Demand Support Sentiment

Recent on-chain data shows more than 25 million XRP leaving exchanges, a trend often associated with accumulation rather than immediate selling. At the same time, XRP-linked exchange traded products attracted approximately $118 million in inflows during May, pushing cumulative inflows close to $1.4 billion.

Key Price Levels Remain in Focus

The strongest buying activity appeared during a high-volume trading session that pushed XRP above resistance near $1.1350. However, momentum later slowed as sellers emerged around the $1.15 area.

Analysts note that XRP remains inside a descending channel, with resistance between $1.15 and $1.20. A breakout above $1.20 could signal improving market sentiment, while failure to hold support between $1.13 and $1.14 may increase the risk of another move toward the psychologically important $1.00 level.