XRP experienced a notable increase as trading volumes surged, but market participants are keen to see if this uptick can break a persistent downtrend.
By Shaurya Malwa Jun 12, 2026, 6:38 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP rebounded from a recent decline, reaching $1.14 with the highest trading volume seen in weeks, breaking through resistance around $1.12.
- This increase is supported by Ripple's initiative to enhance regulated cross-border payments on the XRP Ledger, including Bitso's recently launched MXN-backed stablecoin and on-chain liquidity solutions for dollars and pesos.
- Market observers are monitoring whether XRP can maintain support near $1.14 and surpass the crucial resistance area of $1.20 to $1.25, which could indicate a shift in the prevailing trend.
XRP made a significant recovery from last week’s downturn, climbing back to $1.14 on the strongest trading volume in weeks. Buyers moved the token past the resistance level around $1.12 and continued their purchases until the market closed, marking a departure from the brief rebounds that have consistently faded since February.
The next challenge lies ahead, as previous recoveries this year have struggled to surpass the $1.20-$1.25 range.
News Background
• Ripple announced that Bitso's MXN-backed stablecoin, MXNB, will be launched on the XRP Ledger and will integrate with its Payments on Decentralized Exchange framework, facilitating regulated cross-border transactions between the U.S. and Mexico.
• Ripple's RLUSD and Bitso's MXNB aim to deliver on-chain liquidity in dollars and pesos for enterprise payment applications, adding a further institutional use case for the XRPL framework.
• This effort is centered around the XRPL's Permissioned DEX, which is tailored for regulated financial entities rather than retail investors.
Price Action Summary
• XRP's price rose from $1.1080 to $1.1442 over a 24-hour period, marking a 3.3% increase.
• The significant movement occurred during the June 11 17:00 UTC trading session, with volume reaching 120.2 million XRP, over 160% higher than the average, enabling the price to break past the resistance at approximately $1.1220.
• Buying momentum intensified towards the end of the session, allowing XRP to surpass $1.14 with some of the most robust hourly buying observed in weeks.
Technical Analysis
• This rally is particularly noteworthy as it originated from the $1.09 level, recognized by many analysts as a critical macro support zone.
• The increased volume validated the rally. Unlike previous recovery attempts that quickly diminished, this movement featured substantial participation rather than low liquidity.
• Nevertheless, XRP still trades below the broader descending trendline that has characterized the long-term downtrend since early 2026.
• The market finds itself caught between a short-term bullish reversal and a longer-term bearish trend. Until one of these scenarios prevails, both possibilities remain on the table.
What traders should watch
• Following the breakout, $1.14 has become the initial support level that buyers need to defend.
• The critical threshold is $1.20-$1.25, with several analysts noting this zone as the dividing line between a legitimate trend reversal and another unsuccessful rally.
• A clear breakout above $1.25 would redirect focus to $1.40 and potentially $1.50.
• Conversely, failing to hold near resistance could reinforce the overarching downtrend and shift attention back to the $1.09 support level, with some bearish analysts still suggesting the possibility of a decline towards $0.90 before a more significant bottom is established.
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RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B
RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B
Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B.
By CoinDesk ResearchJun 9, 2026Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B.
Why it matters:
Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B.
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