XRP’s rebound is starting to look less like a dead cat bounce and more like a market trying to build a base.
Buyers pushed the token to $1.14, then $1.18, on the highest volume seen since the sell-off began, forcing traders to focus on whether the rally can continue into the $1.20 to $1.30 resistance zone that has capped previous rallies.
News context
• XRP-linked ETFs have attracted approximately $1.4 billion in cumulative inflows since their launch, with May marking the strongest month of institutional demand so far.
• More than 25 million XRP recently left exchanges, continuing a trend that suggests long-term holders are accumulating despite broader market weakness.
• Whale addresses holding large XRP balances hit an all-time high, reinforcing the view that large investors added exposure during the correction.
Price Action Summary
• XRP rose from $1.1503 to $1.1866 during the 24-hour session, gaining over 3%.
• The key move occurred during the June 14 session at 9:00 p.m. UTC, when volume surged to 107.6 million XRP, more than four times the daily average, pushing the price through the resistance near $1.14.
• Momentum continued into the close, with XRP briefly reaching $1.1928 before consolidating above $1.18.
Technical analysis
• The most important development was the reconquest of the $1.14-1.15 zone. This area acted as resistance throughout the recent decline and has now turned into support.
