XRP Pulls Back After 10% Rally Meets Selling Near $1.25

XRP briefly broke above $1.20 and rose near $1.25 before profit-taking trimmed the move. Traders are now watching whether the former resistance level can hold as support.

XRP Pulls Back After 10% Rally Meets Selling Near $1.25

What happened?

XRP briefly broke above $1.20 and rose near $1.25 before profit-taking trimmed the move. Traders are now watching whether the former resistance level can hold as support.

Why it matters

Several market factors supported the advance. XRP ETFs recorded a second straight week of inflows, drawing $10.68 million and bringing cumulative inflows to about $1.44 billion. CoinDesk also noted stronger regional demand, with South Korea’s Upbit accounting for 31% of XRP wallet-flow activity by June 14, up from 13% a week earlier.

XRP gave back part of a sharp rally after climbing as much as 10% and briefly trading near $1.25, according to CoinDesk. The token had pushed through the $1.20 level that had capped recent rallies, but sellers emerged near the highs and shifted attention back to whether the breakout can hold.

The move matters because $1.20 had been a key ceiling for XRP, and a sustained break above that area would strengthen the token’s short-term technical setup. CoinDesk reported that the rally came with a volume surge of more than 180 million XRP, helping distinguish the move from earlier failed attempts this month.

Several market factors supported the advance. XRP ETFs recorded a second straight week of inflows, drawing $10.68 million and bringing cumulative inflows to about $1.44 billion. CoinDesk also noted stronger regional demand, with South Korea’s Upbit accounting for 31% of XRP wallet-flow activity by June 14, up from 13% a week earlier.

Ripple-related infrastructure activity also remained part of the broader backdrop, including integrations such as OpenPayd and settlement activity tied to RLUSD. Still, the immediate market focus is technical: XRP’s rejection near $1.25 showed that sellers remain active even as momentum improved.

Traders are watching $1.20 as the key support level after the breakout, while $1.25 has become the nearest resistance area. A move through the $1.30 to $1.32 range would mark the next upside zone cited by CoinDesk, while a drop back below $1.20 could raise the risk of a retreat toward $1.14 to $1.15.

Source: CoinDesk

Keep exploring

Related stories

Bitget to Leave Japan and Close Remaining Positions by Year-End

Bitget to Leave Japan and Close Remaining Positions by Year-End

Bitget plans to exit the Japanese market and close all remaining positions by the end of the year. The move adds to ongoing shifts among crypto companies navigating Japan’s regulatory environment.

Read
State of Crypto countdown highlights key industry developments

State of Crypto countdown highlights key industry developments

CoinDesk’s State of Crypto coverage counts down recent developments shaping the crypto policy and market landscape. The report frames these changes as important for how companies and participants navigate the sector.

Read
Strategy Keeps STRC Dividend at 12%

Strategy Keeps STRC Dividend at 12%

Strategy said it is holding the dividend on its STRC preferred stock at 12%. The decision keeps the payout unchanged for investors in the company’s yield-focused security.

Read