XRP rallied from last week’s selloff, retaking $1.14 on its strongest volume in weeks. Buyers pushed the token through resistance near $1.12 and kept buying into the close, a change from the short-lived rebounds that have repeatedly faded since February.
The next test lies higher, as every major rally this year has stalled before reaching the $1.20-$1.25 range.
News background
• Ripple said Bitso’s MXN-backed stablecoin MXNB will launch on the XRP Ledger and integrate with its payments on decentralized exchange infrastructure, expanding regulated cross-border settlement between the US and Mexico.
• Ripple’s RLUSD and Bitso’s MXNB are designed to provide on-chain dollar and peso liquidity for enterprise payment streams, adding another institutional use case for XRPL infrastructure.
• The initiative builds around XRPL’s Permissioned DEX, a framework aimed at regulated financial participants rather than retail users.
Summary of price action
• XRP rose from $1.1080 to $1.1442 during the 24-hour session, gaining 3.3%.
• Key moves came during the session on June 11 at 17:00 UTC, where volume rose to 120.2 million XRP, more than 160% above average, pushing the price through resistance near $1.1220.
