XRP Extends Rally, Breaks $1.18 as Bulls Challenge Next Barrier

XRP has extended its rebound from recent lows, powered by the strongest buying activity in weeks as institutional inflows and ETF demand continue to drive momentum toward the $1.20 region.

The move is increasingly being viewed as more than a brief relief rally, with early signs suggesting the market may be attempting to form a more durable base.

Buyers pushed XRP through $1.14 and then $1.18 on the heaviest volume seen since the selloff began, bringing attention to whether the recovery can carry into the $1.20–$1.30 resistance zone that has repeatedly stalled upside attempts.

Market backdrop
• XRP ETFs have recorded around $1.4 billion in cumulative inflows since launch, with May marking the strongest month of institutional demand.
• Over 25 million XRP have recently left exchanges, indicating continued accumulation by long-term holders despite broader market weakness.
• Whale wallets holding large XRP balances have risen to record levels, signaling sustained accumulation from larger investors during the correction.

Price action
• XRP climbed from $1.1503 to $1.1866 in a 24-hour period, gaining more than 3%.
• The breakout occurred during the June 14 21:00 UTC session, when volume surged to 107.6 million XRP—over four times the daily average—driving price above $1.14 resistance.
• Momentum carried into the session high at $1.1928 before consolidating above $1.18.

Technical outlook
• The key development is XRP reclaiming the $1.14–$1.15 zone, which has now flipped from resistance into support.
• The breakout was confirmed by elevated volume, suggesting genuine market participation rather than short covering alone.
• Momentum indicators continue to strengthen, with analysts highlighting bullish RSI divergence near the $1.05 support area, often associated with trend exhaustion.
• While the broader downtrend is still intact, price structure is improving, with early formation of higher lows and higher highs.

Key levels to watch
• $1.18 now serves as immediate support, followed by the stronger $1.14–$1.15 zone.
• $1.20 remains the next upside target and likely profit-taking region.
• Above that, resistance is seen near $1.27–$1.30.
• The bullish structure holds as long as XRP stays above breakout levels; a move back below $1.14 would weaken the setup and suggest the rally was primarily driven by short covering rather than sustained demand.