XRP is approaching the $1.10 support level as it remains confined within a three-week trading range. The cryptocurrency fell 1.8% from $1.1313 to $1.1109 in the last 24 hours, with significant selling pressure observed during a June 22 reversal, where trading volume surged to 65.4 million XRP, 84% above average. Despite institutional interest, evidenced by $2.4 million in inflows to XRP ETFs on June 20, retail sentiment has weakened. Analysts are closely monitoring the $1.28-$1.30 range as a potential breakout point to alter the current downtrend. Meanwhile, network activity and futures positioning have softened, contributing to the ongoing price compression.