XRP’s rebound is starting to look less like a dead cat bounce and more like a market trying to build a base.
Buyers pushed the token through $1.14 and then $1.18 on the strongest volume seen since the sale began, forcing traders to focus on whether the rally can lead into the $1.20-$1.30 resistance zone that has capped previous rallies.
News background
• XRP-linked ETFs have attracted around $1.4 billion in cumulative inflows since launch, with May being the strongest month of institutional demand to date.
• More than 25 million XRP recently exited exchanges, extending a trend that suggests long-term holders are accumulating despite the broader market weakness.
• Whale addresses with significant XRP balances rose to record highs, reinforcing the perception that larger investors have added exposure during the correction.
Summary of price action
• XRP rose from $1.1503 to $1.1866 during the 24-hour session, gaining more than 3%.
• Key moves came during the session on June 14 at 21:00 UTC, where volume rose to 107.6 million XRP, more than four times the daily average, pushing the price through resistance near $1.14.
• Momentum continued at the close, with XRP briefly reaching $1.1928 before consolidating above $1.18.
Technical Analysis
• The most important development was the recovery of the $1.14-$1.15 range. That zone acted as resistance throughout the recent decline and has now turned to support.
