XRP don slip after 10% rally: people dey take profit near $1.25, e dey test $1.20 support
XRP extend di bullish move for June 16, e brief break pass di long-time $1.20 resistance and reach near $1.25 after about 10% rally. But profit-taking start round $1.25, pull XRP back and people dey wonder if di breakout fit hold.
For fundamentals side, XRP ETFs log second week straight of inflows, add $10.68 million (total roughly $1.44 billion). On-chain/market demand still support by South Korea’s Upbit, wey make up 31% of XRP wallet-flow activity by June 14, up from 13% one week before.
Technically, di move confirm breakout from early-June consolidation range, helped by volume surge of over 180M XRP. Still, di first clear resistance na di rejection near $1.25. Traders now dey watch:
- $1.20 as key support (if e hold above, di breakout remain intact)
- $1.25 as immediate resistance (na there selling show)
- $1.30–$1.32 as next upside zone
If XRP slip back under $1.20, di bullish thesis go weaken and e fit retreat toward $1.14–$1.15.
Neutral
Dis tori news fit be neutral for di broader XRP market direction because di article dey combine two opposite forces: (1) confirmed technical breakout (with strong volume) and supporting flows (XRP ETF inflows and regional demand), and (2) immediate rejection from $1.25 because people dey take profit.
For short term, di market dey get tested. XRP must hold above $1.20 to keep di breakout story alive. If e no fit reclaim/hold $1.25 e go normally trigger follow-through selling, like past breakouts wey price briefly clear resistance but reverse when liquidity shift go traders wey dey take gains.
For medium-to-long term, ETF inflows and steady demand fit improve accumulation behavior, but only if price action confirm higher highs and acceptance above $1.30–$1.32. Until XRP prove say e fit convert former resistance into support, traders fit remain range-bound between $1.20 and $1.25, using tight risk controls.
Overall: fundamentals dey bullish and structure don improve, but near-term supply at $1.25 dey keep immediate impact balanced rather than strongly directional.