XRP Surges 8% Past $1.20 as Breakout Gains Momentum After June Selloff

Heavy trading volume pushed XRP through several key resistance zones, with market participants now watching closely to see whether momentum can extend toward the $1.30 area after weeks of defensive price action.

XRP has spent the past two weeks mostly trying to stabilize its downside. Now, the focus has shifted toward an upside recovery attempt.

The token broke above $1.14, then cleared $1.18, and eventually reclaimed the $1.20 level on its strongest volume since the early-June selloff, forcing traders to rethink a market that had been positioned for continued weakness.

The breakout coincided with a pickup in XRP-specific activity, including rising influence from South Korea’s Upbit exchange and continued growth in institutional participation through ETF products.

News Background

XRP ecosystem activity strengthened as Asian trading demand increased, with Upbit accounting for about 31% of XRP wallet-flow dominance by June 14, up from 13% a week earlier.
XRP ETF products continued to attract inflows, bringing total net investments to roughly $1.4 billion since launch.
Analysts pointed to bullish RSI divergences and completed corrective structures following XRP’s rebound from the $1.05–$1.09 support region.

Price Action Summary

XRP moved from $1.1425 to $1.2307 during the session, a gain of approximately 8%.
The breakout began in the June 14 21:00 UTC window, when volume spiked to 107.6 million XRP, driving price through resistance near $1.14.
Buying pressure accelerated through $1.18 and $1.20, with the token briefly touching highs near $1.23.

Technical Analysis

XRP has now reclaimed levels that repeatedly blocked recovery attempts since the early-June decline.
The breakout was supported by strong volume rather than short-covering alone, with activity running about 22% above the weekly average and showing the strongest participation in weeks.
Momentum indicators continue to improve, with analysts highlighting bullish RSI divergence after XRP held support near $1.05 and formed higher lows.
While the broader downtrend remains intact on higher timeframes, buyers are now pushing through resistance instead of only defending support levels.

What traders are watching

$1.20 is now the key support level bulls need to hold to maintain breakout structure.
The next major resistance sits between $1.27 and $1.30, where Fibonacci and historical levels converge.
A breakout above that zone could open the path toward $1.35–$1.40 and strengthen the case for a broader trend reversal.
A drop back below $1.18 would weaken momentum and likely reframe the move as a short-lived oversold bounce rather than a sustained recovery.