XRP rebounded sharply from last week’s sell-off, reclaiming $1.14 in its strongest volume in weeks. Buyers pushed the token through resistance near $1.12 and continued buying into the close, a change from short-lived bounces that have repeatedly faded since February.
The next test lies higher as all major rallies this year have stalled before reaching the $1.20-$1.25 area.
News background
• Ripple said Bitso’s MXN-backed stablecoin MXNB will launch on the XRP Ledger and integrate with its Decentralized Exchange Payments infrastructure, expanding regulated cross-border settlement between the US and Mexico.
• Ripple’s RLUSD and Bitso’s MXNB are designed to provide on-chain dollar and peso liquidity for enterprise payment flows, adding another institutional use case for the XRPL infrastructure.
• The initiative is based on XRPL’s permissioned DEX, a framework aimed at regulated financial participants rather than retail users.
Price Action Summary
• XRP rose from $1.1080 to $1.1442 during the 24-hour session, gaining 3.3%.
• The key move occurred during the 17:00 UTC session on June 11, when volume increased to 120.2 million XRP, more than 160% above average, pushing the price through resistance near $1.1220.
