XRP has maintained its impressive rebound from recent lows, driven by the strongest buying momentum seen in weeks. The cryptocurrency’s price broke back above the 1.14 to 1.15 dollar zone, supported by the highest trading volume observed since the last wave of sell-offs. This market behavior suggests more than just a short-term relief rally and points to a possible effort to establish a new price base.
Key resistance surpassed, new thresholds in focus
Over the past 24 hours, XRP surged from 1.1503 to 1.1866 dollars, marking a gain of more than 3 percent. The most notable action occurred during the June 14 session at 21:00 UTC, when trading volume exceeded 107.6 million XRP. This was over four times the daily average and pushed the price above the critical resistance at the 1.14 dollar level.
The upward momentum held steady until the session closed. XRP briefly touched 1.1928 dollars before settling above 1.18 dollars. Market participants are now watching the 1.18 dollar level as initial support, with the 1.14 to 1.15 dollar range serving as a stronger safety net. On the upside, 1.20 dollars stands out as a psychological barrier, while the 1.27 to 1.30 dollar band is identified as the next major resistance zone.
Arguably the most significant development for XRP has been reclaiming the 1.14 to 1.15 dollar region, which acted as resistance throughout the recent downtrend. Turning this zone into a support level is now critical for confirming the permanence of the rebound.
Institutional interest and whale accumulation increase
Data shows that XRP-linked exchange-traded products attracted approximately 1.4 billion dollars in inflows overall. The month of May stood out as the period with the strongest institutional demand so far. This trend indicates that, unlike in the wider market, interest in XRP remains robust regardless of broader market weakness.
Additionally, more than 25 million XRP were withdrawn from exchanges during this same interval, implying ongoing accumulation by long-term holders. Wallets containing large XRP balances reached record highs, further supporting the view that major investors have increased their positions during the correction phase.
Glossary: The RSI is a technical indicator that measures the speed and strength of a price move. RSI divergence refers to a situation where, even as prices reach new lows, the indicator does not confirm these moves, sometimes signaling that selling pressure may be waning.
Technical signals point to a stronger recovery
Analysts have highlighted the emergence of bullish RSI divergence as XRP tested the 1.05 dollar support level. This pattern is often observed when existing downtrends begin to lose steam. Improvements in daily momentum indicators have added further weight to this scenario.
However, there is not yet firm confirmation that the broader downtrend is completely over. Nevertheless, XRP is no longer behaving like an asset under intense selling pressure. For the first time in weeks, the cryptocurrency has begun to form higher lows and higher highs, raising the prospect that the market could be shifting direction.
In the short term, the recovery can only sustain its constructive momentum if the price remains above the recently broken resistance zones. Any slip back below 1.14 dollars could weaken the bullish scenario and reignite debate over whether the current move amounts to nothing more than a temporary spike from the closure of short positions.
