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XRP faces selling pressure but shows early signs of recovery near $1.18 amid weak buying momentum.

Technical Signals
17 Jun 2026
Blockonomi
View Source
Neutral
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XRP is experiencing continued selling pressure with a negative Cumulative Volume Delta (CVD) of -4.56 million XRP, indicating more sell orders than buy orders. Despite a recent 2.84% price drop to around $1.18, the token gained 7.78% over the past week, supported by a strong 30-day price-CVD correlation of 0.81 that links price moves to real trading activity. Technical indicators like RSI rising from oversold levels and a bullish MACD suggest weakening bearish momentum and early recovery signs. However, XRP faces key resistance at $1.25–$1.30, and failure to break this range could lead to a retest of $1.10 support, keeping the near-term outlook cautious.

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