With strong trading volume, XRP surpassed several resistance points, leading traders to speculate on the potential for a rally toward $1.30 following a period of cautious positioning.
By Shaurya Malwa Jun 15, 2026, 1:26 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP broke through resistance levels at $1.14, $1.18, and $1.20 with the highest trading volume since early June, prompting traders to reconsider their outlook for further declines.
- Increased demand for XRP from Asia, particularly from South Korea's Upbit, along with continued investments in XRP ETF products totaling around $1.4 billion, are fueling the current rally.
- Market participants are monitoring whether XRP can maintain its position above $1.20 and tackle resistance near $1.27 to $1.30, as a dip below $1.18 could be interpreted as merely a temporary bounce.
After two weeks of attempting to halt its decline, XRP is now aiming for higher ground.
The cryptocurrency surpassed the $1.14, $1.18, and $1.20 marks, achieving this on the strongest volume since the early June downturn, which has led traders to reevaluate a market previously set for more weakness.
This surge in activity was driven by XRP-specific developments, with Upbit gaining a larger share of network flows and institutional interest continuing to rise via ETF products.
News Background
• Activity within the Ripple ecosystem has increased as traders are focusing on the rising demand for XRP in Asia, with Upbit dominating 31% of XRP wallet flows as of June 14, up from 13% the week prior.
• XRP ETF products have consistently attracted investment, leading to a total inflow of approximately $1.4 billion since their introduction.
• Analysts have pointed to favorable RSI divergences and completed corrective patterns following XRP's rebound from the $1.05-$1.09 support range.
Price Action Summary
• XRP rose from $1.1425 to $1.2307 during the trading session, representing an increase of about 8%.
• The breakout commenced during the June 14 21:00 UTC trading session, with volume hitting 107.6 million XRP, breaking through resistance around $1.14.
• Buying momentum accelerated past the $1.18 and $1.20 thresholds, ultimately reaching session highs near $1.23.
Technical Analysis
• XRP has regained levels that limited previous recovery attempts since the breakdown in early June.
• This movement was supported by trading volume rather than just short-covering, with activity rising nearly 22% above the weekly average and breakout candles reflecting the strongest engagement seen in several weeks.
• Daily momentum indicators are showing improvement. Analysts noted bullish RSI divergence after XRP held support around $1.05 and established higher lows while stabilizing momentum.
• Although the broader downtrend remains visible on longer timeframes, for the first time since the downturn began, buyers are pushing prices through resistance instead of merely defending support.
What Traders Should Watch
• The $1.20 level is now crucial for bulls to defend. Maintaining this level would strengthen the breakout structure.
• The next significant resistance area is between $1.27 and $1.30, where various Fibonacci and historical levels converge.
• Successfully breaking through this zone would shift focus towards $1.35-$1.40, potentially reigniting discussions about a broader trend reversal.
• Conversely, if XRP falls back below $1.18 and loses momentum quickly, traders may perceive the rally as just another oversold bounce rather than the beginning of a sustained recovery.
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CEX Volumes Decline to Lowest Levels Since September 2024 as RWA Perps Reach Record High
CEX Volumes Decline to Lowest Levels Since September 2024 as RWA Perps Reach Record High
In May, total exchange volumes decreased by 3.45% to $4.41 trillion, marking the lowest since September 2024. In contrast, RWA perpetual futures volumes increased by 10.4%, reaching a new all-time high.
By CoinDesk Research2 hours agoIn May, total exchange volumes decreased by 3.45% to $4.41 trillion, marking the lowest since September 2024. In contrast, RWA perpetual futures volumes increased by 10.4%, reaching a new all-time high.
Why it matters:
In May, total exchange volumes decreased by 3.45% to $4.41 trillion, marking the lowest since September 2024. In contrast, RWA perpetual futures volumes increased by 10.4%, reaching a new all-time high.
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