XRP has extended its rebound with an impressive 13% surge in 24 hours to $1.23, marking the strongest buying activity in weeks as the token breaks above key resistance at $1.14, $1.18, and $1.20 on its strongest volume since the early-June washout. According to latest market data, the token rose from $1.1425 to $1.2307 during the session, gaining roughly 8% with the breakout beginning during the June 14 21:00 UTC session when volume surged to 107.6 million XRP, more than four times the daily average, driving price through resistance near $1.14. The move came as XRP-specific activity accelerated, with trading activity rising nearly 22% above the weekly average and breakout candles printing the strongest participation seen in weeks. Santiment reports that the token reclaimed $1.28 for the first time in two weeks before cooling from that level, with the token remaining below the Bollinger Bands midline near $1.20 while the upper band around $1.37 marks a wider resistance area. However, XRP's push above $1.25 lasted only a few hours before sellers stepped in, with rising volume suggesting traders used the rally to cut positions rather than add risk, as reported by CoinDesk.
Large XRP holders remain central to the current market setup, with wallets holding at least one million XRP now controlling 74.1% of the token's supply according to Santiment data. These whale wallets have added 1.53 billion tokens over the past six months, representing significant accumulation during periods of retail weakness. This whale activity matters because it can reduce liquid supply when large holders keep coins away from short-term trading, potentially adding confidence during rebounds, though it does not remove downside risk entirely. Exchange data also showed a shift in Binance activity, with CryptoQuant analyst Amr Taha reporting that XRP withdrawal transactions reached 53.2% on June 15 and stayed near 53.1% on June 16, while deposits fell near 46.7% and 46.8% over the same period. The signal suggests fewer coins moving onto Binance for sale, though traders still need price confirmation for immediate upside. South Korea's Upbit exchange continued to account for an outsized share of XRP activity after wallet-flow dominance climbed from 13% to 31% in the week through June 14, as reported by CoinDesk.
XRP ETF products continued their strong performance streak, recording positive inflows of approximately $10.68 million during the week ended June 12, marking the fifth consecutive week of positive flows and extending XRP's outperformance over larger digital assets in terms of weekly net fund flows. The latest inflows follow several weeks of robust demand, with XRP products recording approximately $60.5 million in inflows during the week of May 15, followed by $22.04 million during the week of May 22, $15.2 million during the week of May 29, and $2.62 million during the week ending June 5. The cumulative total net inflow has now reached roughly $1.44 billion, with total net assets standing near $978.86 million and weekly trading activity exceeding $61 million. This contrasts sharply with Bitcoin products posting approximately $319 million in weekly outflows and Ethereum investment products ending the week in negative territory with about $15 million in net withdrawals. The $1 billion threshold tends to generate incremental media coverage in traditional finance channels, which historically pulls in additional allocators who benchmark product credibility by AUM size.
The most important development was the reclaim of the $1.14-$1.15 area, which acted as resistance throughout the recent decline and has now flipped into support. On the 4-hour chart, an ascending triangle has been forming since early June, with price recently finding support at $1.12, coinciding with the 50-period moving average, before rebounding toward the upper boundary. The measured move target on the ascending triangle breakout resolves near $1.32, still more than 5% from the current resistance. The move was backed by volume rather than short-covering alone, with daily momentum indicators continuing to improve and several analysts highlighting bullish RSI divergence after XRP held support around $1.05 and formed higher lows while momentum stabilized. Crypto analyst CasiTrades noted that XRP is approaching major resistance near $1.30 after a stronger-than-expected bounce from the $1.09 macro support area, with the analyst stating that a daily close above $1.30 would strengthen the recovery case. However, CasiTrades also warned that XRP has not removed downside risk unless it reclaims $1.65 and turns that level into support, with another analyst Batman pointing to a bullish MACD crossover and rising futures activity. The key development was the loss of the $1.22-$1.23 area, which traders had been watching after XRP's rally above $1.20 earlier in the week, as reported by CoinDesk.
The XRP rebound came as risk appetite improved across the crypto market, with traders reacting to reports that the U.S.-Iran conflict had reached a resolution, easing concern over energy prices, inflation pressure, and wider market stress. As reported by Santiment, the move followed a slide from above $2.30 in January to a June 11 low near $1.10, with the token trading near $1.23 on June 16, up 4.17% in 24 hours, and volume above $3 billion. However, XRP fell from $1.2619 to $1.2205 during the 24-hour session, losing 3.3% as selling accelerated during the afternoon session when volume surged to 87.5 million XRP, breaking support near $1.2240, as reported by CoinDesk. Updated market data showed XRP trading near $1.23 with a market cap near $76.4 billion, ranking fifth by market value. However, XRP remains below recent peaks, trading between $1.18 and $1.29 over the latest 24-hour period and remaining down about 13% over the past month and more than 43% over the past year. This leaves the recovery intact in the short term, but not enough to confirm a full trend change, with traders watching whether legal clarity, sustained inflows, and stronger spot demand can work together to drive the next major move.
Traders are also watching developments on the XRP Ledger, with former Ripple developer Matt Hamilton recently pointing to XRPL's long-running exchange design as new Solana DEX models drew attention. "This problem was solved 15 years ago on the XRP Ledger," Hamilton wrote, highlighting the network's built-in DEX that has operated since 2012. Developers are also testing lending and AMM upgrades, which may keep XRP Ledger activity in focus and support the broader utility debate around XRP. However, these network updates do not guarantee token gains, with the latest move improving short-term momentum but the market still testing whether buyers can hold higher levels. A rejection at $1.30 could leave XRP back inside its recent range, with traders watching Binance flows, ETF demand, and whale balances for the next signal. In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024, while RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high, as reported by CoinDesk.
