XRP climbs 4% above $1.18 as traders test next resistance zone

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 selloff began, forcing traders to focus on whether the recovery can carry into the $1.20-$1.30 resistance zone that has capped previous rallies.

News Background

• XRP-linked ETFs have attracted roughly $1.4 billion in cumulative inflows since launching, with May marking the strongest month of institutional demand so far.

• More than 25 million XRP recently left exchanges, extending a trend that suggests long-term holders are accumulating despite the broader market weakness.

• Whale addresses holding significant XRP balances climbed to a record high, reinforcing the view that larger investors have been adding exposure during the correction.

Price Action Summary

• XRP rose from $1.1503 to $1.1866 during the 24-hour session, gaining more than 3%.

• The key move came during the June 14 21:00 UTC session, when volume surged to 107.6 million XRP, more than four times the daily average, pushing price through resistance near $1.14.

• Momentum carried into the close, with XRP briefly reaching $1.1928 before consolidating above $1.18.

Technical Analysis

• The most important development was the reclaim of the $1.14-$1.15 area. That zone acted as resistance throughout the recent decline and has now flipped into support.

• Volume confirmed the move. Unlike previous rallies that faded quickly, this advance was backed by sustained participation rather than short-covering alone.

• Daily momentum indicators continue to improve. Several analysts highlighted a bullish RSI divergence that emerged while XRP was testing the $1.05 support zone, a pattern often associated with trend exhaustion.

• The broader downtrend has not fully broken yet, but the market is no longer trading like a token in freefall. Price is beginning to print higher lows and higher highs for the first time in weeks.

What traders should watch

• $1.18 becomes the first support level after the breakout, followed by the more important $1.14-$1.15 zone.

• The immediate target is $1.20, a psychological level that could attract profit-taking after the recent rally.

• Above that, attention shifts to the $1.27-$1.30 area, where several Fibonacci and trendline resistance levels converge.

• The recovery remains constructive as long as XRP holds above its recent breakout levels. A move back below $1.14 would weaken the bullish case and raise questions about whether the rally was simply another short-covering bounce.