XRP has spent the last two weeks trying to stop its decline. Now he’s trying to go higher.
The token rose above $1.14, then $1.18, and eventually recovered $1.20 on the highest volume since the early June washout, forcing traders to reassess a market that had been priced for further weakness.
The move comes as XRP-specific activity accelerates, with South Korean exchange Upbit accounting for a growing share of network flows and institutional demand continuing to expand via ETF products.
News context
• Ripple ecosystem activity accelerated as traders focused on growing demand for XRP in Asia, with Upbit accounting for 31% of XRP wallet flow dominance as of June 14, up from 13% a week earlier.
• XRP ETF products continued to attract capital, extending a string of inflows that brought cumulative net investment to approximately $1.4 billion since launch.
• Several analysts pointed to bullish RSI divergences and completed correction structures after XRP rebounded from the $1.05 to $1.09 support zone.
Price Action Summary
• XRP rose from $1.1425 to $1.2307 during the session, gaining around 8%.
• The breakout began during the June 14 session at 9:00 p.m. UTC, when volume surged to 107.6 million XRP and pushed the price through the resistance near $1.14.
