XRP price rally tests $1.20 as sentiment hits 8-month low
XRP price is rebounding near $1.15 after buyers defended the $1.10 area, but traders are watching whether the move can break the broader downtrend. On June 12, XRP traded around $1.15, up about 3% in 24 hours, with daily volume near $1.68B and market cap around $71.2B. The 24-hour range was roughly $1.10–$1.15.
The volume-backed push gained momentum as resistance near $1.1220 was cleared, with June 11 activity showing volume ~120.2M XRP (over 160% above average). Bulls now face a key upside zone at $1.20–$1.25, where prior XRP recoveries stalled. A daily close above $1.20 would be needed to improve the larger chart structure; otherwise the rally may fade.
Sentiment remains weak. Santiment said XRP weighted sentiment fell to its lowest level since October 2025 (an 8-month low). Historically, elevated “FUD” can coincide with rebound attempts, but it is not a confirmation signal on its own. Technically, analysts also highlighted XRP returning toward a lower Gaussian Channel regression band around $1.04.
Fund flows are mixed for crypto overall: SoSoValue data showed zero outflows from XRP spot ETFs on June 11, while BTC/ETH/SOL ETFs saw redemptions. Support is seen near $1.10; losing it could expose $1.04. On-chain/institutional context also improved as Ripple and Bitso introduced MXNB (MXN-backed stablecoin) on XRPL, integrating it with Ripple’s Payments on DEX infrastructure.
Traders should treat this as a test of resistance rather than a confirmed trend change until XRP clears $1.20.
Neutral
The article is bullish on the near-term move in XRP price, but not enough to confirm a sustained trend reversal.
On the positive side, XRP defended $1.10 and rebounded toward $1.15 with volume surge and a short-term breakout attempt (clearing resistance near ~$1.1220). That kind of “volume-backed retest-and-hold” often precedes follow-through if buyers can reclaim higher levels. It also helps that XRP spot ETF flows were neutral-to-supportive on June 11 (zero outflows), which can reduce selling pressure.
However, the broader backdrop is still bearish. XRP remains down sharply over 30 days and 1 year, and the token is still trapped below a descending trendline. Sentiment is at 8-month lows, which can trigger rallies, but it can also reflect weak conviction—similar to past episodes where FUD spikes mark a bottoming attempt but price still needs technical confirmation.
Key levels drive the trading outlook: $1.10 is the immediate support; failure could quickly expose the ~$1.04 area highlighted by the Gaussian Channel lower band. Upside confirmation requires XRP to clear $1.15 first, then hold $1.20; a daily close above $1.20 would improve odds of a larger structure shift. Until then, traders should expect choppy, range-bound action with upside tests limited by resistance.