XRP rebounded strongly from last week’s sell-off, reclaiming $1.14 on its highest volume in weeks. Buyers pushed the token through resistance near $1.12 and continued buying through the close, a change from short-lived rallies that have faded repeatedly since February.
The next test lies higher, as every major rally this year has stalled before reaching the $1.20-$1.25 area.
News context
• Ripple said Bitso’s MXN-backed stablecoin MXNB would launch on the XRP Ledger and integrate with its payments infrastructure on decentralized exchanges, expanding regulated cross-border settlement between the United States 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 builds on XRPL’s Authorized DEX, a framework aimed at regulated financial players 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 June 11 session at 5:00 p.m. UTC, when volume surged to 120.2 million XRP, more than 160% above the average, pushing the price through the resistance near $1.1220.
