XRP price tests $1.20 amid ETF inflows and selling pressure

XRP has recently fluctuated around the $1.20 mark, driven by increased ETF inflows and rising demand from Asian markets. Despite a notable rally of 10%, the token faced selling pressure near the key resistance level of $1.25, leading to profit-taking among traders. This selling pressure has prevented XRP from maintaining its gains, reflecting the challenges in sustaining upward momentum.

Heavy trading volume has been observed, pushing XRP through multiple resistance levels, but the immediate market response has been cautious. As a result, XRP's price remains in a delicate balance, influenced by both demand dynamics and trader sentiment.

The recent price action of XRP is set against a backdrop of heightened institutional interest and ETF demand, which have contributed to its rebound from recent lows. The Upbit wallet-flow dominance has increased, indicating a surge in trading activity that aligns with the growing interest in cryptocurrencies. This environment is critical for traders as they assess the potential for further gains.

The timeline of events shows that on June 15, 2026, XRP broke through the $1.20 mark with heavy volume, only to give back gains the following day after reaching near $1.25. This sequence underscores the volatility and rapid shifts in trader sentiment that characterize the current market.

Traders will be closely watching XRP's ability to break through the $1.20 resistance level and extend its rally. Monitoring ETF inflows will be essential, as these could significantly impact XRP's price trajectory. Additionally, changes in trading volume may signal further price movements, making it a critical factor for market participants.

The outlook for XRP remains cautiously optimistic, contingent on overcoming resistance levels and maintaining strong demand. As the market evolves, traders will need to stay vigilant to capitalize on potential opportunities.