XRP jumps 3% above $1.14 as institutional buying meets key resistance test

MarketsXRP jumps 3% above $1.14 as institutional buying meets key resistance testXRP posted its strongest session in days on a sharp volume surge, though traders remain focused on whether the rally can break a longer-term downtrend that still points lower.By Shaurya Malwa Jun 12, 2026, 6:38 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowXRP rebounded from last week’s sell-off to reclaim $1.14 on its strongest trading volume in weeks, breaking through resistance around $1.12.The move is backed by Ripple’s push to expand regulated cross-border payments on the XRP Ledger, including Bitso’s new MXN-backed stablecoin and on-chain dollar and peso liquidity products.Traders are watching whether XRP can hold support near $1.14 and clear the key $1.20 to $1.25 resistance zone, which would signal a potential trend reversal from the broader downtrend.XRP bounced sharply from last week's selloff, reclaiming $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 sits higher up, as every major recovery this year has stalled before reaching the $1.20-$1.25 area.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 U.S. and Mexico.• Ripple's RLUSD and Bitso's MXNB are designed to provide on-chain dollar and peso liquidity for enterprise payment flows, 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.Price Action Summary• XRP rose from $1.1080 to $1.1442 during the 24-hour session, gaining 3.3%.• The key move came during …

XRP jumps 3% above $1.14 as institutional buying meets key resistance test

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