XRP gives back gains after 10% rally as traders take profit near $1.25
Asian demand and ETF inflows helped push XRP through $1.20, but the token struggled to hold its highs after running into fresh selling near a key resistance zone.
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Summary
- XRP briefly broke above the long-standing $1.20 ceiling and touched near $1.25 before profit-taking cut the rally and shifted attention to whether the breakout can hold.
- Strong volume and a confirmed breakout from early-June consolidation improved XRP’s short-term technical picture, but a sustained recovery likely requires a move through the $1.30 area.
- Traders are watching $1.20 as key support, $1.25 as immediate resistance, and $1.30–$1.32 as the next upside target, with a drop back below $1.20 risking a retreat toward $1.14–$1.15.
