XRP has stabilized above $1.10 following a sharp selloff, marking a recovery from four-month lows. The cryptocurrency gained 1.6% in recent trading, climbing from lows near $1.09 to approximately $1.14. Despite this bounce, XRP remains within a descending channel, indicating ongoing market caution. Recent data shows over 25 million XRP have left exchanges, suggesting accumulation rather than immediate selling. Additionally, XRP-linked ETFs attracted $118 million in inflows in May, with cumulative inflows nearing $1.4 billion. Analysts view the $1.10-$1.20 range as a potential stabilization zone after a 17% weekly decline. Technical indicators highlight that XRP's RSI is at oversold levels, hinting at exhausted selling pressure. However, the market is still seeking a firm floor, with $1.13-$1.14 as key support and $1.15 as initial resistance. A breach above $1.20 could signal recovery, while failure to hold $1.10 may shift focus to the $1.00 level.