XRP Price Breakout Gains Strength as Bulls Target $1.30 Resistance

XRP is showing signs of a stronger recovery, with its latest price action suggesting the rally may be more than a temporary dead-cat bounce. After breaking above key resistance levels at $1.14 and $1.18, the cryptocurrency is beginning to establish a solid base, drawing renewed attention from traders and investors.

The recent XRP price surge was supported by the strongest trading volume recorded since the market selloff began. This momentum has shifted focus toward whether XRP can continue its advance into the critical $1.20 to $1.30 resistance zone, an area that has repeatedly limited previous rallies.

Institutional demand remains a major factor supporting bullish sentiment. XRP-related exchange-traded funds (ETFs) have attracted approximately $1.4 billion in cumulative inflows since their launch, with May delivering the highest level of demand so far. At the same time, more than 25 million XRP tokens have been withdrawn from exchanges, extending a trend that suggests long-term investors are accumulating rather than preparing to sell.

Adding to the positive outlook, the number of whale wallets holding significant XRP balances recently reached an all-time high. This increase indicates that larger investors have been increasing exposure during the recent market correction.

During the latest 24-hour trading period, XRP climbed from $1.1503 to $1.1866, posting a gain of more than 3%. The most significant move occurred during the June 14, 21:00 UTC session, when trading volume surged to 107.6 million XRP—more than four times the daily average. The spike pushed the token through resistance near $1.14 and fueled continued buying pressure. XRP later touched $1.1928 before consolidating above $1.18.

From a technical perspective, reclaiming the $1.14-$1.15 range is a key development. This zone previously acted as resistance during the downturn but has now turned into support. Analysts also point to a bullish RSI divergence that formed while XRP tested support near $1.05, a signal often associated with weakening bearish momentum.

Traders are now watching $1.18 as the first support level, with the more critical support zone remaining between $1.14 and $1.15. On the upside, $1.20 represents the next immediate target, while a breakout above that level could open the door toward the $1.27-$1.30 range, where multiple technical resistance levels converge.

As long as XRP remains above its recent breakout zones, the recovery trend remains intact. However, a decline back below $1.14 could weaken bullish momentum and revive concerns that the recent rally was driven primarily by short covering rather than sustained demand.