XRP Price Surges Above $1.18 as Strong Buying Momentum Targets Next Resistance Level

XRP climbed more than 3% over the past 24 hours, rising from $1.1503 to $1.1866 as buyers returned to the market with the strongest trading activity seen since the recent sell-off. The token briefly touched $1.1928 before settling above the $1.18 level, signaling growing confidence among traders.

A major turning point came during the June 14 trading session when volume surged to 107.6 million XRP, more than four times the daily average. The strong buying pressure helped XRP break through the important $1.14-$1.15 resistance zone that had capped previous recovery attempts.

Institutional Demand Supports XRP Recovery

Institutional interest continues to strengthen the market outlook. XRP linked exchange traded funds have attracted approximately $1.4 billion in cumulative inflows since launch, with May recording the strongest month of demand so far.

At the same time, more than 25 million XRP have recently moved off exchanges, suggesting long-term holders are accumulating rather than selling. Whale wallets holding large XRP balances have also reached record highs, reinforcing the view that major investors are increasing exposure.

Technical Outlook for XRP

Analysts note that the $1.14-$1.15 area has now turned into a key support level after the breakout. Momentum indicators have improved significantly, including a bullish RSI divergence that appeared when XRP tested support near $1.05.