Asian demand and ETF inflows helped propel XRP above the $1.20 mark, but the token struggled to sustain its gains after meeting renewed selling pressure near a key resistance level.
XRP finally cleared $1.20, a level that had repeatedly capped upside moves in recent weeks, but buyers were unable to maintain momentum after the breakout.
The token surged as much as 10% and briefly approached $1.25 before profit-taking set in, pulling it back from its highs and shifting focus to whether the breakout can hold rather than extend further.
News Background
• XRP ETF products recorded a second straight week of inflows, drawing $10.68 million and bringing total cumulative inflows to roughly $1.44 billion.
• South Korea’s Upbit exchange accounted for 31% of XRP wallet flow activity as of June 14, up from 13% a week earlier, pointing to strong regional demand.
• Ripple continued expanding its payments infrastructure through integrations such as OpenPayd and RLUSD-related settlement activity.
Price Action Summary
• XRP moved from around $1.14 to an intraday high near $1.25 before reversing.
• A spike in volume—over 180 million XRP—helped drive the breakout above the $1.20 resistance zone.
• Sellers emerged near $1.25, trimming gains and refocusing attention on whether prior resistance can now act as support.
Technical Analysis
• The rally confirmed a breakout from the early-June consolidation range.
