XRP jumps 8% above $1.20 in strongest breakout since June selloff
XRP surged 8% to break above $1.20 on its highest volume since early June, reclaiming key resistance levels at $1.14, $1.18, and $1.20. The move was driven by strong demand from Asia, particularly South Korea's Upbit exchange, which accounted for 31% of XRP wallet-flow dominance, up from 13% a week earlier. Additionally, XRP ETF products continued to attract capital, with cumulative inflows reaching approximately $1.4 billion. Technical indicators show bullish RSI divergence and completed correction structures following support near $1.05-$1.09. However, the larger downtrend remains visible on higher timeframes. Traders now watch whether XRP can hold above $1.20 and challenge the next resistance zone between $1.27 and $1.30. A drop below $1.18 would likely be seen as an oversold bounce.
Key facts
- XRP broke above $1.14, $1.18, and $1.20 on highest volume since early June.
- South Korea's Upbit accounted for 31% of XRP wallet-flow dominance.
- XRP ETF inflows reached about $1.4 billion cumulatively.
- Next resistance zone is $1.27 to $1.30; support at $1.18.