Demand in Asia and ETF Inflows Drove XRP Past $1.20, But Selling Pressure Emerged at Resistance Levels.
By Shaurya Malwa Jun 16, 2026, 5:16 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP managed to surpass the long-standing barrier of $1.20, reaching close to $1.25, but profit-taking caused a reversal in its upward momentum, raising questions about the sustainability of the breakout.
- Robust trading volume and a confirmed breakout from consolidation earlier in June enhanced XRP's short-term outlook; however, a continued recovery may necessitate surpassing the $1.30 mark.
- Traders are monitoring $1.20 as crucial support, with $1.25 as immediate resistance, and $1.30–$1.32 as the next target; a decline below $1.20 could lead to a retreat toward $1.14–$1.15.
XRP successfully broke past the $1.20 resistance that had been in place for weeks, but buyers were unable to maintain their momentum.
After a rise of up to 10% and a brief trade near $1.25, profit-taking led to a pullback, shifting focus to whether this breakout can sustain itself rather than how far it might extend.
News Background
• XRP ETFs recorded inflows for the second consecutive week, drawing $10.68 million, which brought total inflows to approximately $1.44 billion.
• The Upbit exchange in South Korea contributed to 31% of XRP wallet-flow activity by June 14, a significant increase from 13% the previous week, indicating strong regional interest.
• Ripple has been enhancing its payment infrastructure through partnerships, including activities related to OpenPayd and RLUSD settlements.
Price Action Summary
• XRP rose from around $1.14 to a session high close to $1.25 before experiencing a pullback.
• The breakout was fueled by a surge in volume exceeding 180 million XRP, effectively surpassing the $1.20 resistance.
• Selling pressure emerged at the $1.25 mark, reducing gains and leaving traders to consider if the previous resistance can now act as support.
Technical Analysis
• The recent price movement confirmed a breakout from the consolidation range observed in early June.
• The volume was sufficient to validate this breakout, differentiating it from several unsuccessful rallies earlier in the month.
• The rejection at $1.25 signals that sellers remain active, despite the improving momentum.
• XRP has enhanced its short-term structure, yet a broader recovery still requires a move above the $1.30 level.
What Traders Should Monitor
• The $1.20 level is now critical; maintaining above it will strengthen the breakout's validity.
• $1.25 has become immediate resistance following profit-taking during the rally.
• Traders are looking at $1.30-$1.32 as the target based on the breakout structure.
• A decline below $1.20 would weaken the bullish outlook and heighten the risk of a drop back toward the $1.14-$1.15 area.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
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.
By CoinDesk Research18 hours agoIn 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.
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