XRP rockets 8% above $1.20 in first major breakout since June selloff

MarketsXRP rockets 8% above $1.20 in first major breakout since June selloffHeavy volume pushed XRP through multiple resistance levels, with traders now focused on whether the rally can extend toward $1.30 after weeks of defensive positioning.By Shaurya Malwa Jun 15, 2026, 1:26 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowXRP broke above resistance at $1.14, $1.18 and $1.20 on its strongest volume since early June, prompting traders to reassess expectations for further weakness.Growing XRP demand from Asia, led by South Korea’s Upbit, and continued inflows into XRP ETF products totaling about $1.4 billion are underpinning the latest rally.Traders are watching whether XRP can hold above $1.20 and challenge resistance near $1.27 to $1.30, with a drop back below $1.18 likely to be seen as just another oversold bounce.XRP spent the past two weeks trying to stop going down. Now it's trying to go higher.The token pushed through $1.14, then $1.18, and finally reclaimed $1.20 on the strongest volume since the early-June washout, forcing traders to reassess a market that had been priced for further weakness. The move came as XRP-specific activity accelerated, with South Korea's Upbit exchange accounting for a growing share of network flows and institutional demand continuing to build through ETF products.News Background• Ripple ecosystem activity picked up as traders focused on growing XRP demand across Asia, with Upbit accounting for 31% of XRP wallet-flow dominance by June 14, up from 13% a week earlier.• XRP ETF products continued attracting capital, extending a run of inflows that has brought cumulative net investment to roughly $1.4 billion since launch.• Several analysts pointed to bullish RSI divergences and completed correction structures following XRP's rebound from the $1.05-$1.09 support zone.Price Action Summary• XRP climbed from $1.1425 to $1.2307 during the session, gainin…

XRP rockets 8% above $1.20 in first major breakout since June selloff

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