XRP Breakout Above $1.20 Signals Renewed Bullish Momentum as ETF Inflows and Upbit Activity Surge

XRP is showing signs of a potential trend reversal after spending the past two weeks battling selling pressure and attempting to stabilize above key support levels. The cryptocurrency has now broken through several important resistance zones, reclaiming $1.14, $1.18, and ultimately $1.20, supported by the strongest trading volume recorded since the early-June market selloff.

The latest XRP price rally has prompted traders to reassess bearish expectations that had dominated the market following the recent correction. Strong buying activity and growing investor interest have helped fuel the move, with XRP climbing from $1.1425 to an intraday high of $1.2307, representing an approximately 8% gain during the session.

Market participants have been closely watching increased XRP ecosystem activity, particularly across Asian markets. South Korea’s largest crypto exchange, Upbit, has emerged as a major driver of XRP network flows. Data shows Upbit’s share of XRP wallet-flow dominance rose significantly, increasing from 13% to 31% by June 14. The growing participation highlights rising demand for XRP among Korean traders and investors.

Institutional interest has also remained a key catalyst. XRP exchange-traded fund (ETF) products continue attracting fresh capital, with cumulative net inflows reaching roughly $1.4 billion since their launch. The steady stream of investment has strengthened market sentiment and reinforced confidence in XRP’s long-term outlook.

The breakout began during the June 14 21:00 UTC trading session when volume surged to 107.6 million XRP, pushing the token above resistance near $1.14. Buying pressure intensified as XRP moved through $1.18 and successfully reclaimed the psychologically important $1.20 level before reaching session highs near $1.23.

Technical indicators have turned increasingly constructive. Analysts have pointed to bullish RSI divergence that developed after XRP rebounded from the $1.05-$1.09 support zone. The asset also formed higher lows while momentum indicators stabilized, suggesting selling pressure may be fading.

Although XRP remains below some longer-term resistance levels and the broader downtrend is still visible on higher timeframes, the latest rally marks the first meaningful attempt by bulls to push through resistance rather than merely defend support. Trading volume during the breakout was nearly 22% above the weekly average, reinforcing the strength of the move.

Looking ahead, traders are closely monitoring the $1.20 level as immediate support. Maintaining price action above this zone would strengthen the bullish breakout structure. The next major resistance area sits between $1.27 and $1.30, where several Fibonacci retracement levels and historical resistance points converge.

A successful breakout above that range could open the door for a move toward the $1.35-$1.40 region and potentially revive discussions of a broader XRP trend reversal. However, if the token falls back below $1.18 and momentum weakens, market participants may interpret the rally as another short-term oversold bounce rather than the beginning of a sustained recovery.