XRP climbs 4% above $1.18 as traders test next resistance zone
XRP rose 4% to break above $1.18 on strong volume, with traders now watching whether the rally can breach the $1.20-$1.30 resistance zone that has capped previous recoveries.
XRP climbed 4% to trade above $1.18 on Monday, breaking through key resistance on the highest volume since the recent selloff began.
The token pushed past $1.14 and then $1.18 with conviction, suggesting the move is more than a dead-cat bounce. Buyers are now targeting the $1.20-$1.30 resistance zone that has capped previous rallies. The strong volume behind the breakout indicates genuine demand rather than speculative short-covering. Traders can track XRP's price action in real time on NowPrice's live crypto dashboard.
The recovery comes amid broader crypto market stabilization, with Bitcoin holding above $60,000 and Ethereum recovering from recent lows. XRP-linked ETFs have attracted roughly $1.4 billion in cumulative inflows since launching, with May recording the strongest month of institutional demand. More than 25 million XRP recently left exchanges, extending a trend of accumulation by long-term holders. Whale addresses holding significant XRP have also increased their positions, signaling confidence in the token's outlook despite macro headwinds.
Looking ahead, traders will watch whether XRP can sustain above $1.18 and challenge the $1.20-$1.30 zone. A break above $1.30 could open the path toward $1.50, while failure to hold $1.14 might signal a retest of support near $1.05. Key catalysts include ETF flow data, on-chain exchange reserve changes, and broader risk sentiment tied to US economic data and Fed policy expectations.