XRP gives back gains after 10% rally as traders take profit near $1.25
Asian demand and ETF inflows helped push XRP through $1.20, but the token struggled to hold its highs after running into fresh selling near a key resistance zone.
Jun 16, 2026, 5:16 a.m.
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Summary
XRP finally broke through the $1.20 level that had capped rallies for weeks, but buyers couldn’t keep control of the move.
After climbing as much as 10% and briefly trading near $1.25, the token ran into profit-taking that pushed it off session highs, putting the focus back on whether the breakout can hold rather than how far it can extend.
• XRP ETFs recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion.
• South Korea’s Upbit exchange accounted for 31% of XRP wallet-flow activity by June 14, up from 13% a week earlier, highlighting strong regional demand.
• Ripple continued expanding its payments infrastructure through integrations including OpenPayd and RLUSD-related settlement activity.
• XRP climbed from roughly $1.14 to a session high near $1.25 before pulling back.
• The breakout was driven by a volume surge that reached more than 180 million XRP, easily clearing resistance around $1.20.
• Selling emerged near $1.25, trimming gains and leaving traders focused on whether former resistance can now hold as support.
• The move confirmed a breakout from the early-June consolidation range.
• Volume was strong enough to validate the breakout, distinguishing it from several failed rallies seen earlier this month.
• The rejection near $1.25 is the first sign that sellers remain active despite improving momentum.
• XRP has improved its short-term structure, but the broader recovery still requires a move through the $1.30 area.
• $1.20 is now the key level. Holding above it would reinforce the breakout.
• $1.25 becomes immediate resistance after attracting profit-taking during the rally.
• Above that, traders are watching $1.30-$1.32, the measured target from the breakout structure.
• A move back below $1.20 would weaken the bullish case and raise the risk of another return toward the $1.14-$1.15 area.
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18 hours ago
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.