$XRP‘s rebound is starting to look less like a dead-cat bounce and more like a market trying to build a base.
Buyers pushed the token through $1.14 and then $1.18 on the strongest volume seen since the selloff began, forcing traders to focus on whether the recovery can carry into the $1.20-$1.30 resistance zone that has capped previous rallies.
News Background
• $XRP-linked ETFs have attracted roughly $1.4 billion in cumulative inflows since launching, with May marking the strongest month of institutional demand so far.
• More than 25 million $XRP recently left exchanges, extending a trend that suggests long-term holders are accumulating despite the broader market weakness.
• Whale addresses holding significant $XRP balances climbed to a record high, reinforcing the view that larger investors have been adding exposure during the correction.
Price Action Summary
• $XRP rose from $1.1503 to $1.1866 during the 24-hour session, gaining more than 3%.
• The key move came during the June 14 21:00 UTC session, when volume surged to 107.6 million $XRP, more than four times the daily average, pushing price through resistance near $1.14.
• Momentum carried into the close, with $XRP briefly reaching $1.1928 before consolidating above $1.18.
Technical Analysis
• The most important development was the reclaim of the $1.14-$1.15 area. That zone acted as resistance throughout the recent decline and has now flipped into support.
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