AI · CoinDesk
XRP climbs 4% above $1.18 as traders test next resistance zone
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
XRP's rebound is starting to look less like a dead-cat bounce and more like a market trying to build a base.
Key facts
- XRP rose from $1.1503 to $1.1866 during the 24-hour session, gaining more than 3%
- $1.18 becomes the first support level after the breakout, followed by the more important $1.14-$1.15 zone
- 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
- 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
Summary
Institutional interest and large-holder accumulation remain robust, with XRP-linked ETFs drawing about $1.4 billion in inflows and whale addresses climbing to record highs despite broader market weakness. Traders are watching support at $1.18 and $1.14 to $1.15 and resistance near $1.20 and $1.27 to $1.30, levels that will help determine whether the emerging uptrend can extend or proves to be another short-covering bounce. 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. • 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.