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06/19 15:43

XRP price analysis: Can bulls defend $1.10 after w

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$XRP traded near $1.12 on June 19 after sellers pushed the token below the $1.15 support level. According to crypto.news price data, $XRP fell more than 4% over 24 hours, with daily volume near $1.97 billion. The token moved between $1.12 and $1.18 during the session. Its market cap stood near $69.8 billion, keeping $XRP in sixth place among crypto assets by market value. The latest decline erased more of last week’s rebound. $XRP had moved above $1.20 earlier, but sellers rejected the advance before the token could break the descending trendline that has capped recovery attempts for months. The market is now watching the $1.10 area. That level has acted as the lower edge of recent support. A clear break below it could expose deeper support near $1.05 and then the $1.00 zone. The price drop came as whale behavior turned weaker. Crypto analyst Ali Martinez said more than 30 million $XRP had been distributed by whales in the past five days. That suggests large holders reduced exposure while the price remained under pressure. More than 30 million $XRP have been distributed by whales in the last five days.  Ali also said $XRP network activity has dropped by nearly 50% in two weeks. Active addresses fell from around 50,000 to nearly 25,000, according to the analyst. That drop matters because weaker address activity can show lower demand for network use. It does not always lead directly to price losses, but it can weaken the case for a fast rebound. The whale data also changes the short-term tone. Earlier crypto.news coverage noted that whale flows had helped support $XRP near $1.20. The latest distribution suggests that support has become less steady. Institutional demand remains the main positive factor for $XRP. According to SoSoValue data, $XRP products recorded $2.55 million in daily net inflows on June 18, after a flat d
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