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