XRP rockets 8% above $1.20 in first major breakout since June selloff
XRP experienced an 8% price surge, breaking through the $1.20 resistance level for the first time since a June selloff. The rally was driven by increased institutional demand, ETF inflows, and high trading volume from Asian markets.
Why it matters
This breakout signals a potential shift in market sentiment for XRP and highlights the growing influence of institutional crypto products.
The token pushed through $1.14, then $1.18, and finally reclaimed $1.20 on the strongest volume since the early-June washout, forcing traders to reassess a market that had been priced for further weakness.
The report is a technical market analysis focused on price action and volume data without political or social commentary.
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