XRP rockets 8% above $1.20 in first major breakout since June selloff
Heavy 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.
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Summary
- XRP 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.
