XRP finally broke above the $1.20 level that had limited rallies for weeks, but buyers were unable to maintain control of the move.
After rising as much as 10% and briefly trading near $1.25, the token encountered some profit-taking that pulled it away from session highs, refocusing attention on whether the breakout can hold rather than how far it can extend.
News background
• XRP ETFs recorded a second consecutive week of inflows, attracting $10.68 million and bringing cumulative inflows to approximately $1.44 billion.
• South Korea’s Upbit exchange accounted for 31% of XRP wallet flow activity as of June 14, up from 13% the previous week, highlighting strong regional demand.
• Ripple continued to expand its payments infrastructure through integrations including OpenPayd and RLUSD-related settlement activity.
Price Action Summary
• XRP rose from around $1.14 to a session high near $1.25 before pulling back.
• The breakout was driven by a surge in volume that reached over 180 million XRP, easily clearing resistance around $1.20.
• Selling emerged near $1.25, paring gains and leaving traders focused on whether previous resistance can now hold as support.
Technical analysis
• The move confirmed a breakout of the early June consolidation range.
