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XRP posted its largest resistance breakout since the beginning of June after clearing the $1.14, $1.18, and $1.20 levels in a single session. The move was accompanied by a sharp rise in activity, with volume climbing 176% above typical levels. The token is currently trading around $1.26 and is up 11.5% over the past 24 hours, while its market capitalization has risen to $78.4 billion.
The rally was supported by on-chain activity and demand from major Asian trading venues. Upbit, South Korea’s leading exchange, accounted for 31% of XRP wallet flows, up from 13% recorded just one week earlier. This shift in demand coincided with steady capital inflows into XRP exchange-traded funds (ETFs), which have accumulated net investment of approximately $1.4 billion since their launch.
Technically, the breakout was reinforced by elevated trading participation. Trading activity came in close to 22% above the weekly average, and the breakout candle showed the highest buyer participation in weeks.
Several analysts cited bullish divergences in the RSI after XRP held support in the $1.05 to $1.09 zone and formed higher lows while momentum stabilized.
