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XRP tests key $1.13 support amid weak volume, signaling potential downside risk despite HKIMR recognition.

Technical Signals
20 Jun 2026
Tokenpost
View Source
Neutral
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XRP is trading just above a critical support level at $1.13, with declining trading volume and weak momentum suggesting possible further price drops. Despite a slight 1.37% gain in the last 24 hours, XRP remains down over the past week and month, reflecting ongoing selling pressure. The Hong Kong Institute for Monetary Research's recognition of Ripple and XRP as efficient cross-border payment tools provides some positive sentiment, but U.S. regulatory uncertainty continues to weigh on the token's outlook. Traders are closely watching whether XRP can hold $1.13 support or break lower, which could lead to a deeper correction toward $1.08 or even $0.90-$1.00 if selling intensifies.

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