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XRP rallies 10% past $1.20 but profit-taking near $1.25 raises questions on breakout strength.

Technical Signals
16 Jun 2026
Coindesk
View Source
Neutral
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XRP briefly surged above the $1.20 resistance level, reaching near $1.25 before profit-taking caused a pullback. The rally was supported by strong volume and inflows into XRP ETFs, alongside increased demand from South Korea's Upbit exchange. While the breakout from early June's consolidation looks promising, sustained gains depend on XRP moving past the $1.30 resistance zone. Traders are closely watching $1.20 as key support and $1.25 as immediate resistance, with a drop below $1.20 risking a decline toward $1.14-$1.15.

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