XRP Climbs 4% Above $1.18 as Traders Target Next Resistance Level

XRP has extended its recovery from recent lows, driven by the strongest buying pressure seen in weeks, with institutional inflows and ETF demand helping propel the token toward the $1.20 mark.

The rebound is beginning to resemble more than a temporary relief rally, instead showing early signs of a base-building phase in the market.

Buyers pushed XRP through $1.14 and then $1.18 on the highest trading volumes since the selloff began, shifting attention toward whether momentum can extend into the $1.20–$1.30 resistance band that has previously stalled upward moves.

News Background
• XRP-focused ETFs have drawn around $1.4 billion in cumulative inflows since launch, with May recording the strongest institutional participation so far.
• Over 25 million XRP have recently been withdrawn from exchanges, signaling continued accumulation by long-term holders despite broader market weakness.
• Whale wallets holding large XRP positions have risen to record levels, indicating sustained accumulation by major investors during the correction.

Price Action Overview
• XRP advanced from $1.1503 to $1.1866 over the 24-hour period, gaining more than 3%.
• The key breakout occurred during the June 14 21:00 UTC session, when volume spiked to 107.6 million XRP—over four times the daily average—driving price above $1.14 resistance.
• Momentum continued into the close, with XRP briefly touching $1.1928 before consolidating above $1.18.

Technical Picture
• The most significant development is XRP reclaiming the $1.14–$1.15 zone, which previously acted as resistance and is now turning into support.
• The breakout was volume-confirmed, unlike earlier rallies that faded quickly, suggesting genuine participation beyond short-covering.
• Momentum indicators continue to strengthen, with analysts noting bullish RSI divergence forming around the $1.05 support area—often a sign of trend exhaustion.
• While the broader downtrend is not fully invalidated, price structure is improving, with higher lows and higher highs emerging for the first time in weeks.

Key Levels to Watch
• $1.18 now acts as immediate support, followed by the stronger $1.14–$1.15 zone.
• The first upside target is $1.20, where profit-taking may emerge.
• Above that, resistance is seen near $1.27–$1.30, where multiple technical levels converge.
• The bullish structure remains intact as long as XRP holds above breakout levels; a drop back below $1.14 would weaken the setup and suggest the move may have been short-cover driven rather than trend reversal.