XRP Experiences Profit-Taking After Brief Surge Above $1.20
- XRP surged nearly 10%, reaching a session high of approximately $1.25 before pulling back.
- The token’s breakout was supported by a trading volume exceeding 180 million XRP, surpassing the resistance level at $1.20.
- XRP ETFs saw inflows of $10.68 million over the past week, bringing total inflows to around $1.44 billion.
- Upbit exchange in South Korea accounted for a significant increase in XRP wallet-flow activity, rising from 13% to 31% as of June 14.
- Ripple is expanding its payment infrastructure through new integrations like OpenPayd and RLUSD-related activities.
The recent price action indicates that while XRP managed to break through key resistance levels, profit-taking has raised questions about the sustainability of this upward movement.
As XRP retreated from its peak near $1.25, traders are now assessing whether the previous resistance can serve as support moving forward.(Source)
