Here’s a rewritten version:
Strong trading volume drove XRP through multiple resistance levels, with traders now assessing whether the momentum can extend toward $1.30 after several weeks of defensive market structure.
Over the past two weeks, XRP had largely been focused on stabilizing its downtrend. That dynamic has now shifted toward an attempt to build an upside recovery.
The token moved above $1.14, then $1.18, and ultimately reclaimed $1.20 on its highest volume since the early-June selloff, forcing the market to reconsider a setup that had been tilted toward further downside.
The breakout was accompanied by rising XRP-specific activity, with South Korea’s Upbit playing a larger role in flows, while institutional demand continued to build through ETF exposure.
News Background
- XRP activity strengthened across Asia, with Upbit accounting for roughly 31% of XRP wallet-flow dominance by June 14, up from 13% a week earlier.
- XRP ETFs continued to see steady inflows, bringing cumulative net investments to around $1.4 billion since launch.
- Analysts pointed to bullish RSI divergence and a completed corrective structure after XRP held the $1.05–$1.09 support area.
Price Action Summary
- XRP rose from $1.1425 to $1.2307, gaining about 8% during the session.
- The breakout began in the June 14 21:00 UTC window as volume surged to 107.6 million XRP, pushing price above $1.14 resistance.
- Momentum carried through $1.18 and $1.20, with intraday highs reaching near $1.23.
Technical Analysis
- XRP has now reclaimed multiple levels that previously capped all recovery attempts since the early-June breakdown.
- The move was volume-supported, not just driven by short covering, with trading activity about 22% above average and showing the strongest participation in weeks.
- Momentum indicators are improving, with bullish RSI divergence emerging after XRP formed higher lows near $1.05.
- Although the broader downtrend remains visible on higher timeframes, buyers are now actively breaking resistance rather than simply defending support.
What traders are watching
- $1.20 is now the key support level to hold to preserve bullish structure.
- The next major resistance lies between $1.27 and $1.30, where Fibonacci and historical barriers converge.
- A breakout above that zone could open a move toward $1.35–$1.40 and support a broader trend reversal narrative.
- A fall back below $1.18 would weaken momentum and suggest the rally is another short-lived relief bounce rather than a sustained recovery.
