Asian demand and ETF inflows helped push XRP above the $1.20 level, but the rally lost momentum after the token ran into renewed selling near a key resistance zone.
XRP eventually broke through $1.20, a level that had repeatedly blocked upside moves in recent weeks, but buyers were unable to sustain control after the breakout.
The token climbed as much as 10% and briefly approached $1.25 before profit-taking emerged, dragging it off its highs and shifting attention to whether the breakout can hold rather than extend further.
News Background
• XRP ETF products recorded a second consecutive week of inflows, totaling $10.68 million and lifting cumulative inflows to around $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, indicating strong regional demand.
• Ripple continued expanding its payments ecosystem through integrations including OpenPayd and RLUSD-related settlement activity.
Price Action Summary
• XRP rose from about $1.14 to an intraday peak near $1.25 before pulling back.
• A surge in trading volume of more than 180 million XRP helped drive the breakout above $1.20 resistance.
• Selling pressure appeared near $1.25, erasing part of the gains and shifting focus to whether former resistance can now act as support.
Technical Analysis
• The move confirmed a breakout from the early-June consolidation range.
