XRP traded near $1.15 on June 12 after a volume-fueled rebound from the $1.10 area, but traders are still watching whether the move could break the broader downtrend.
summary
- XRP rose near $1.15 after buyers defended $1.10 and pushed through short-term resistance.
- Weak sentiment and zero ETF outflows have kept XRP in focus despite its broader monthly downtrend.
- Ripple’s MXNB launch on XRPL added context to institutional payments as traders watched the $1.20 area.
XRP price rebounds from $1.10
XRP was trading at $1.15, up nearly 3% over 24 hours. According to To crypto.news market data. The currency recorded about $1.68 billion in daily trading volume, while the market value reached about $71.24 billion.
The 24-hour trading range remained between $1.10 and $1.15. This indicates that buyers defended the lower end of the range and pushed the price towards short-term resistance.
The recovery came after a weak period for XRP. The token has remained down 21.48% over 30 days and 48.73% over the past year, showing that the latest move has not erased the broader decline.
XRP still ranks sixth in terms of market cap. Its fully diluted valuation was approximately $114.79 billion, with approximately 62.05 billion tokens in circulation out of a maximum supply of 100 billion.
Volume supported movement tests resistance
XRP rose from around $1.1080 to $1.1442 during the previous 24-hour session, gaining more than 3%. The strongest move came when buyers pushed through resistance near $1.1220.
Volume rose to around 120.2 million XRP during the June 11 session at 17:00 UTC. This was more than 160% above average and helped confirm the short-term breakout.
The move was notable because XRP’s recent bounces faded quickly. This time, buyers continued bidding until the close and pushed the price above $1.14.
The next test is in the $1.20 to $1.25 range. Every major XRP rebound this year has struggled before that area, so a clear breakout above it will be needed to improve the larger structure.
Sentiment remains weak despite the rebound
Santiment said XRP-weighted sentiment fell to its lowest level since October 2025. The metric tracks social volume and the ratio of positive to negative comments.
“XRP sentiment is at 8-month lows, but this level of FUD tends to spark bullish rallies,” Santiment said.
This signal does not confirm rising prices. It shows that audience interest has weakened while negative comments have increased, which can sometimes appear near retracement areas.
Santiment also noted that XRP has seen strong rebounds in the past when traders became disinterested. This makes sentiment a useful secondary signal, but it is not a complete trading signal in itself.
ChartNerd too He pointed out XRP returns to the lower regression range of the Gaussian channel on a two-week time frame near $1.04. The analyst described this area as an area of great opportunities based on previous sessions.
“One of our XRP signals just went live,” ChartNerd said.
XRP ETF flows and technical levels matter
According to SoSoValue DataXRP ETFs recorded zero outflows on June 11, while Bitcoin, Ethereum, and Solana ETFs saw redemptions. The net assets of the XRP ETF were I mentioned Close to $984.77 million, near the $1 billion mark.
This is important because steady demand for ETFs can support the price during weak market conditions. It does not guarantee a breakout, but it can reduce the pressure that comes from spot selling.
Technically, XRP is caught between a short-term rebound and a long-term downtrend. The price has regained $1.14, but is still trading below the largest downtrend line that has been guiding the market since early 2026.
Immediate support is located near $1.10. A loss of that area could expose the $1.04 level, as analysts monitor the lower regression range and recent support.
On the upside, XRP needs to cross $1.15 first, then build momentum towards $1.20. A daily close above $1.20 would shift focus to $1.25, where previous recoveries have failed.
The launch of MXNB adds context to XRPL
Ripple and Pitso Expanded Their partnership is by bringing the MXN-backed stablecoin MXNB to the XRP Ledger. The stablecoin will also be integrated with Ripple payments on the decentralized exchange infrastructure.
The setting is designed to support the institutional settlement between the United States and Mexico. Ripple’s RLUSD and Bitso’s MXNB are expected to provide on-chain dollar and peso liquidity for payments flows.
The launch adds another institutional use case for XRPL. However, the XRP price must confirm its strength through the chart, because network growth does not always lead to immediate token demand.
Ditto I mentioned By crypto.news, an XRPL 3.2.0 upgrade is also expected on June 15. The upgrade will rename the underlying software from “rippled” to “xrpld” and may reduce server memory usage by about 40%.
