XRP has continued its rebound from recent lows, supported by the strongest buying pressure in weeks as institutional inflows and ETF demand help drive the token toward the $1.20 level.
The move is beginning to look less like a short-lived bounce and more like an early attempt to establish a broader price base.
Buyers pushed XRP above $1.14 and then $1.18 on the heaviest volume since the selloff began, shifting market focus to whether momentum can extend into the $1.20–$1.30 resistance zone that has repeatedly capped prior rallies.
Market context
• XRP-related ETFs have recorded about $1.4 billion in cumulative inflows since launch, with May marking the strongest month of institutional demand.
• More than 25 million XRP have recently been withdrawn from exchanges, suggesting continued accumulation by long-term holders despite market weakness.
• Whale wallets holding large XRP balances have increased to record levels, reinforcing signs of sustained buying by larger investors during the correction.
Price action
• XRP rose from $1.1503 to $1.1866 over 24 hours, gaining more than 3%.
• The breakout occurred during the June 14 21:00 UTC session, when volume surged to 107.6 million XRP—over four times the daily average—pushing price through $1.14 resistance.
• Momentum carried into the close, with XRP briefly reaching $1.1928 before stabilizing above $1.18.
Technical outlook
• The key development is XRP reclaiming the $1.14–$1.15 range, which has now flipped from resistance into support.
• The move was volume-backed, indicating stronger participation rather than short-covering alone.
• Momentum indicators continue to improve, with analysts pointing to bullish RSI divergence near the $1.05 support zone, often associated with trend exhaustion.
• While the broader downtrend is still technically intact, price action is improving, with higher lows and higher highs starting to form.
Key levels to watch
• $1.18 is now immediate support, followed by $1.14–$1.15 as the stronger support zone.
• $1.20 is the next major upside target and potential profit-taking area.
• Above that, resistance lies in the $1.27–$1.30 region, where multiple technical levels converge.
• The recovery remains constructive as long as XRP holds above breakout levels; a drop below $1.14 would weaken the bullish structure and suggest the rally may have been driven primarily by short covering.
