Key facts
- XRP briefly traded near $1.25 after a 10% rally, breaking through the $1.20 ceiling.
- Profit-taking emerged near $1.25, causing the token to pull back from its session highs.
- XRP ETFs saw inflows of $10.68 million, bringing cumulative inflows to approximately $1.44 billion.
- Trading activity on South Korea's Upbit exchange accounted for a significant portion of XRP wallet flows.
- Key technical levels to watch are $1.20 for support and $1.25 for immediate resistance.
XRP experienced a significant rally, briefly surpassing the $1.20 mark and reaching near $1.25, a move of up to 10%. This surge was supported by strong trading volume, exceeding 180 million XRP, and a confirmed breakout from early June consolidation, which improved its short-term technical outlook. However, the upward momentum was met with profit-taking near the $1.25 level, causing XRP to pull back from its session highs. Traders are now closely watching the $1.20 level, which has transitioned from resistance to potential support. A sustained recovery would likely require XRP to move through the $1.30-$1.32 area. The recent inflows into XRP ETFs, totaling $10.68 million for the week and $1.44 billion cumulatively, alongside increased activity on South Korea's Upbit exchange, highlight ongoing investor interest. Ripple's continued expansion of its payment infrastructure through integrations also contributes to the ecosystem's development.