XRP Slips Near $1.17 as Mastercard Agent Pay Adopts RLUSD, Flutterwave Africa Deal

XRP News

XRP has surrendered a key support level and given back its short-term gains. In June 19 trading the price slid roughly 3.4% over 24 hours, falling from $1.1873 to $1.1465, and the $1.15 floor that had acted as support since last week’s push above $1.20 gave way. Market data shows the breakdown of $1.1550 came as volume spiked to around 134.2 million XRP near 15:00 UTC — more than 170% above the average. Buyers stepped in close to $1.13 to attempt a bounce, but the token failed to reclaim $1.15 on a closing basis. A roughly year-long symmetrical triangle, bounded by $1.10 below and $1.25 above, now looks to be nearing the end of its squeeze, and the move tracks broad weakness across the altcoin complex.

On the weekly chart, $1.13 stands out as the most important line of defense. XRP at one point dropped 5% to 6%, retreating to about $1.1283, while its market capitalization held near $70 billion to keep sixth place. Having hit $1.29 — the measured target of a double-bottom pattern — and then reversed 5.33%, the prior bullish setup is widely seen as already invalidated. Derivatives data is sharpening the warning. Open interest collapsed 14.5% in 24 hours and roughly $7.41 million in positions were liquidated, of which $6.59 million came from longs. The episode reads as a textbook leverage flush, with overextended bets force-closed and the decline amplified as a result.

Just a day earlier, XRP had staged a technical rebound, basing at the heavy psychological level of $1.05 before surging about 8% to $1.23. On-chain data points to large whale wallets as the architects of that low. Over recent months substantial XRP volumes have flowed off exchanges, with the holdings of top wallets steadily climbing. The catch, analysts note, is that the rally was not backed by explosive volume. Unless the prior supply zone is cleared decisively on a closing basis, they caution, the move risks being only a fleeting bounce driven by a temporary gap in selling pressure.

On the fundamental side, Ripple’s annual conference, Ripple Swell 2026, is drawing attention. Hollywood actor and Water.org co-founder Matt Damon has been confirmed as an official speaker at the event, running October 27 to 29 in New York. He is set to present a concrete case study of how Ripple Payments and the US dollar-pegged stablecoin RLUSD have accelerated cross-border movement of funds for clean-water projects in developing countries. Water.org has mobilized about $7.7 billion to date, improving the lives of more than 88 million people. This year’s edition integrates the XRPL Apex developer summit for the first time, gathering more than 1,500 attendees, with CEO Brad Garlinghouse and former CTO David Schwartz slated to lay out the on-chain roadmap.

A faint warmth also returned to spot ETFs, a barometer of institutional demand. Aggregated data shows US spot XRP ETFs recorded $2.55 million in net inflows on June 18, flipping to inflows in a single day after flat readings the prior session. Among the five products, money entered through only one — the Bitwise fund — while cumulative net inflows reached $1.45 billion and total net assets stood at about $994.81 million. The same day, spot Solana ETFs attracted $2.99 million, extending net inflows to a fourth straight session. The reading is taken as a sign that capital is creeping back, however modestly, into altcoin ETFs more broadly.

The central driver of this pullback is the macro backdrop rather than any XRP-specific bad news. The market attributes the move to hawkish remarks from Fed chair nominee Kevin Warsh, which dragged Bitcoin below $64,000 and rippled out across the major large-cap altcoins. Fears of higher-for-longer rates have stoked risk-off sentiment across risk assets generally. XRP’s 30-day decline now exceeds 15%, and it is down about 19% over 90 days, keeping a medium-term correction intact. At current levels the price sits roughly 70% below its all-time high (ATH) of $3.84 — a zone some interpret as a value-buying opportunity, conditional on macro easing.

(as of 11:07 UTC) COINOTAG’s proprietary 42-indicator composite support and resistance scoring engine maps the structure around the current price with precision. The $1.1135 support earned 76/100 (strong) from the confluence of Fibo 0.114, S1 and a MACD cross, while $1.1458 resistance overhead scored 74/100 where R1, the prior close and Fibo 0.214 overlap. Derivatives signals lean toward wait-and-see rather than overheating. Funding is neutral at 0.0027%, but with open interest of $639.07 million and a long-short account ratio of 3.07 (75.4% long), the heavy tilt to the buy side carries further liquidation risk. The Fear and Greed Index reads 14 (extreme fear) and RSI is 38.29. Reclaiming $1.1458 on a close would open room toward $1.1818, whereas a break of $1.0506 (72/100) invalidates the bullish scenario.