XRP has secured a fragile foothold above the 1.10 price mark following one of its most severe selloffs of the year, though the current recovery signals market stabilization rather than a definitive trend reversal. The asset rebounded from levels not witnessed since prior to the November 2024 breakout, yet every upward attempt continues to encounter aggressive selling pressure. This dynamic leaves XRP suspended between deeply oversold technical conditions and a broader market environment that remains committed to de-risking strategies. Data compiled by Woofun AI indicates that more than 25 million XRP tokens have exited exchanges in recent days, extending a withdrawal trend that historically signals accumulation rather than imminent liquidation.

Concurrently, XRP-linked ETF products have continued to attract significant capital, recording approximately 118 million in inflows during May alone, pushing cumulative inflows toward the 1.4 billion mark. Analysts and forecasting models are increasingly identifying the 1.10 to 1.20 range as a critical stabilization zone following the asset's recent 17% weekly decline. During the session, XRP gained 1.6%, recovering from intraday lows near 1.09 and climbing back toward 1.14. The most potent price action occurred during the 22:00 UTC session, where trading volume surged to 145.3 million XRP, driving the price through resistance near 1.1350.

However, momentum dissipated approaching the close, with XRP slipping from 1.1488 to 1.1386 before buyers re-engaged near support levels. Woofun AI notes that the broader narrative remains defined by XRP's confinement within a descending channel, a pattern that persists despite the recent bounce. While the recovery has alleviated immediate downside pressure, it has failed to disrupt the overarching structure of lower highs. The Relative Strength Index has dropped to one of its most oversold readings since before the November 2024 rally, suggesting that selling pressure may be nearing exhaustion. Exchange outflows and ETF inflows continue to point toward underlying accumulation, yet price action still resembles a market searching for a floor rather than initiating a new uptrend. The bounce from 1.09 is significant as it demonstrates buyer willingness to defend the area, although follow-through buying remains constrained. The 1.13 to 1.14 range now serves as the key near-term support zone following the latest recovery, while 1.15 remains the first meaningful resistance level and the upper boundary of the current descending channel. A decisive move above 1.20 would constitute the first clear signal that XRP is beginning to repair the damage inflicted by the recent selloff. Conversely, if support near 1.10 fails again, market participants are likely to shift focus to whether the psychologically critical 1.00 level becomes the next downside target. Woofun AI analysis suggests that until the descending channel is broken, the asset will likely oscillate between these defined boundaries as institutional flows attempt to counterbalance retail selling pressure.