Key facts
- XRP briefly traded near $1.25 after a rally, breaking through the $1.20 mark.
- Profit-taking emerged near $1.25, causing XRP to pull back from session highs.
- XRP ETFs recorded inflows of $10.68 million, with cumulative inflows reaching 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's brief surge above $1.25 reversed as heavy selling pushed the price back below the $1.22-$1.23 zone, indicating the market is still digesting supply from a recent selloff. Despite a 3.3% drop, XRP remains above the crucial $1.20 breakout area, though the broader recovery is weakened. Traders are focused on $1.20 as pivotal support and $1.223 and $1.25 as near-term resistance levels. The loss of the $1.22-$1.23 area was a key development, with volume expanding during the decline rather than the rebound. XRP ETF products saw a second consecutive week of inflows, attracting $10.68 million, bringing cumulative inflows to approximately $1.44 billion. South Korea's Upbit exchange continued to account for an outsized share of XRP activity. Ripple has been expanding its payments infrastructure.