XRP finally broke the $1.20 level that had capped rallies for weeks, but buyers were unable to keep control of the move.
After climbing as much as 10% and briefly trading near $1.25, the token experienced profit-taking that pushed it off session highs, putting the focus back on the breakout’s ability to sustain rather than its reach.
News context
• XRP ETFs saw 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% a week earlier, highlighting strong regional demand.
• Ripple has continued to expand its payments infrastructure through integrations including OpenPayd and RLUSD-related settlement activities.
Price Action Summary
• XRP rose from around $1.14 to a session high near $1.25 before pulling back.
• The breakout was driven by an increase in volume that reached over 180 million XRP, easily breaking through resistance around $1.20.
• Selling emerged near $1.25, paring gains and leaving traders focused on whether former resistance can now act as support.
Technical analysis
• This decision confirmed a breakout from the consolidation range at the beginning of June.
