XRP gives back gains after 10% rally as traders take profit near $1.25

Markets 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. By Shaurya Malwa Jun 16, 2026, 5:16 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show 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. XRP finally broke through the $1.20 level that had capped rallies for weeks, but buyers couldn't keep control of the move. After climbing as much as 10% and briefly trading near $1.25, the token ran into profit-taking that pushed it off session highs, putting the focus back on whether the breakout can hold rather than how far it can extend. News Background • XRP ETFs recorded a second straight week of inflows, attracting $10.68 million and lifting cumulative inflows to roughly $1.44 billion. • South Korea's Upbit exchange accounted for 31% of XRP wallet-flow activity by June 14, up from 13% a week earlier, highlighting strong regional demand. • Ripple continued expanding its payments infrastructure through integrations including OpenPayd and RLUSD-related settlement activity. Price Action Summary • XRP climbed from roughly $1.14 to a session high near $1.25 before pulling back. • The breakout was driven by a volume surge that reached more than 180 million XRP, easily clearing resistance around $1.20. • Selling emerged near $1.25, trimming gains and leaving traders focused on whether former resistance can now hold as support. Technical Analysis • The move confirmed a breakout from the early-June consolidation range. • Volume was strong enough to validate the breakout, distinguishing it from several failed rallies seen earlier this month. • The rejection near $1.25 is the first sign that sellers remain active despite improving momentum. • XRP has improved its short-term structure, but the broader recovery still requires a move through the $1.30 area. What traders should watch • $1.20 is now the key level. Holding above it would reinforce the breakout. • $1.25 becomes immediate resistance after attracting profit-taking during the rally. • Above that, traders are watching $1.30-$1.32, the measured target from the breakout structure. • A move back below $1.20 would weaken the bullish case and raise the risk of another return toward the $1.14-$1.15 area. Latest Crypto News 1 Profit-taking across bitcoin, ether, solana as traders wait on the Iran signing 28 minutes ago 2 Bitcoin rises after Bank of Japan hikes interest rates to a 31-year high 46 minutes ago 3 Hyperliquid loses Anthropic, OpenAI markets as creator shuts down project 11 hours ago 4 If America wants to lead in crypto, it must protect the people who build it 14 hours ago 5 ‘Crypto spring’ is here, says one analyst after bitcoin's key signals turn bullish 15 hours ago 6 Kraken debuts U.S. perpetual futures as crypto derivatives move onshore 15 hours ago 7 Coinbase's Brian Armstrong says bitcoin may have bottomed at $60,000 15 hours ago 8 XRP rockets 8% above $1.20 in first major breakout since June selloff 15 hours ago 9 CoinDesk 20 performance update: Bittensor (TAO) surges 31.9%, leading index higher 15 hours ago 10 Bitmine adds another $136 million of ether after raising $274 million in preferred stock sale 16 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research 17 hours ago In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Markets Profit-taking across bitcoin, ether, solana as traders wait on the Iran signing Bitcoin rises after Bank of Japan hikes interest rates to a 31-year high ‘Crypto spring’ is here, says one analyst after bitcoin's key signals turn bullish