XRP Pulls Back After 10% Rally Meets Selling Near $1.25
XRP briefly broke above $1.20 and rose near $1.25 before profit-taking trimmed the move. Traders are now watching whether the former resistance level can hold as support.
What happened?
XRP briefly broke above $1.20 and rose near $1.25 before profit-taking trimmed the move. Traders are now watching whether the former resistance level can hold as support.
Why it matters
Several market factors supported the advance. XRP ETFs recorded a second straight week of inflows, drawing $10.68 million and bringing cumulative inflows to about $1.44 billion. CoinDesk also noted stronger regional demand, with South Korea’s Upbit accounting for 31% of XRP wallet-flow activity by June 14, up from 13% a week earlier.
XRP gave back part of a sharp rally after climbing as much as 10% and briefly trading near $1.25, according to CoinDesk. The token had pushed through the $1.20 level that had capped recent rallies, but sellers emerged near the highs and shifted attention back to whether the breakout can hold.
The move matters because $1.20 had been a key ceiling for XRP, and a sustained break above that area would strengthen the token’s short-term technical setup. CoinDesk reported that the rally came with a volume surge of more than 180 million XRP, helping distinguish the move from earlier failed attempts this month.
Several market factors supported the advance. XRP ETFs recorded a second straight week of inflows, drawing $10.68 million and bringing cumulative inflows to about $1.44 billion. CoinDesk also noted stronger regional demand, with South Korea’s Upbit accounting for 31% of XRP wallet-flow activity by June 14, up from 13% a week earlier.
Ripple-related infrastructure activity also remained part of the broader backdrop, including integrations such as OpenPayd and settlement activity tied to RLUSD. Still, the immediate market focus is technical: XRP’s rejection near $1.25 showed that sellers remain active even as momentum improved.
Traders are watching $1.20 as the key support level after the breakout, while $1.25 has become the nearest resistance area. A move through the $1.30 to $1.32 range would mark the next upside zone cited by CoinDesk, while a drop back below $1.20 could raise the risk of a retreat toward $1.14 to $1.15.