XRP spent the last two weeks trying to stop falling. Now he is trying to go higher.
The token surpassed $1.14, then $1.18, and finally recovered $1.20 in the strongest volume since the early June crash, forcing traders to reassess a market that had been discounted by further weakness.
The move came as XRP-specific activity accelerated, with South Korea’s Upbit exchange accounting for an increasing proportion of network flows and institutional demand continuing to rise through ETF products.
News background
• Ripple ecosystem activity picked up as traders focused on growing demand for XRP across Asia, with Upbit accounting for 31% of the XRP wallet flow dominance as of June 14, up from 13% the previous week.
• XRP ETF products continued to attract capital, extending a streak of inflows that has brought cumulative net investment to approximately $1.4 billion since launch.
• Several analysts noted bullish RSI divergences and completed correction structures following XRP’s rebound from the $1.05-$1.09 support zone.
Price Action Summary
• XRP rose from $1.1425 to $1.2307 during the session, gaining approximately 8%.
• The breakout began during the 21:00 UTC session on June 14, when volume increased to 107.6 million XRP and pushed the price through resistance near $1.14.
