XRP traded at $1.1036 as of 21:00 UTC on June 23, down 2.41% in the past 24 hours, according to CoinMarketCap. The cryptocurrency has fallen 9.69% over the past week and 17.91% over the past month, with a 60-day decline of 23.43%. Its market cap stands at about $68.48 billion, while 24-hour trading volume dropped 7.14% to $1.424 billion.
Technical weakness and key support levels
XRP is trading below its 20-, 30-, 50-, and 100-day simple moving averages, indicating a fragile short-term technical structure. The 14-day relative strength index (RSI) sits near 40, suggesting a lack of momentum for a trend reversal. The token is down 38.4% year-to-date and 43.9% from the same period last year.
Resistance levels are seen at $1.18 and $1.22, with a breakout above these on strong volume needed to test $1.30. Analysts from CryptoPotato and CryptoRank identify $1.30, $1.60, and $2.00 as subsequent resistance zones. Conversely, a breakdown below the $1.00 support level could trigger a sharp downside move.
Whale accumulation and derivatives data
On-chain data shows large holders have accumulated about 153 million XRP over the past six months, moving a significant portion off exchanges, which reduces circulating supply and may support a price floor. Open interest in XRP derivatives has risen to approximately 235 million XRP, the highest since the October 2022 crash, while funding rates remain slightly positive, indicating long positions are building without excessive speculation. On June 17, XRP spot ETFs saw net inflows of about $5.3 million, reflecting gradual institutional interest.
Mid-term catalysts: CLARITY Act and ODL expansion
Despite short-term bearishness, mid-term fundamentals are viewed positively. Coinpedia, cited by Capital.com, projects XRP could trade between $3.40 and $9.50 in 2026, driven by the CLARITY Act in the U.S. Congress, Ripple's On-Demand Liquidity (ODL) expansion, and XRPL-based stablecoin infrastructure. Phemex interprets the recent whale accumulation and rising open interest as structural bets on the CLARITY Act timeline rather than speculative froth. Binance's XRP asset description highlights XRPL's evolution toward cross-border payments, liquidity provision, real-world asset (RWA) tokenization, built-in DEX and AMM features, and institutional settlement products using Ripple USD (RLUSD).
XRP now sits about 10% above the psychological and technical support at $1.00, with on-chain metrics showing large-investor buying interest but technical indicators and accumulated losses of 17-23% over the past month making an immediate rebound uncertain. Market attention will likely remain on whether $1.00 holds and on progress of the CLARITY Act in Congress.