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XRP rebounds near $1.15 amid strong volume but faces resistance around $1.20 amid weak sentiment.

Technical Signals
12 Jun 2026
Crypto news
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Neutral
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XRP price rose to about $1.15 after buyers defended the $1.10 support level and pushed through short-term resistance, backed by a surge in trading volume. Despite this rebound, XRP remains in a broader downtrend, down over 21% in the past month and nearly 49% over the past year. Sentiment is weak, hitting an eight-month low, but this pessimism has historically preceded rallies. XRP ETF holdings remain stable, providing some price support. The next key resistance zone is between $1.20 and $1.25, which XRP must break to signal a larger recovery. Ripple also launched the MXN-backed stablecoin MXNB on the XRP Ledger to support enterprise payments between the US and Mexico, adding institutional use cases for the network. However, XRP’s price must confirm strength technically to sustain gains.

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