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XRP breaks $1.18 with rising volume, but Upbit's dominance raises recovery concerns

Market News
16 Jun 2026
AMBCrypto
View Source
Bullish
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XRP's price surged past the $1.18 resistance level to $1.22, supported by a 94% increase in daily trading volume, signaling stronger market participation. This move shifts focus from mere recovery to a potential trend reversal, though sustained buying above $1.18 is needed for confirmation. Institutional demand via U.S. Spot ETFs has boosted XRP's recovery, reducing liquid supply and providing steady support. However, the recovery's breadth is questioned as Upbit's share of XRP flows rose sharply, while major exchanges like Coinbase and Binance saw declines, indicating uneven exchange participation that could affect the sustainability of the rally.

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