Overview
- The rally began with a volume spike during the June 14 session that sent XRP through $1.14, $1.18 and briefly above $1.25 before gains reversed.
- XRP-linked exchange-traded products have kept steady institutional demand with roughly $1.4–$1.44 billion in cumulative inflows supporting rallies into mid‑June.
- South Korea’s Upbit has driven a large share of recent flows, rising to about 31% wallet‑flow dominance and concentrating trade activity on Asian order books.
- On‑chain data shows heavy whale accumulation with wallets holding 1M+ XRP controlling about 74.1% of supply, which reduces available liquidity if those holders sell.
- The market now faces a test of $1.20 as pivotal support and a fragile setup where continued ETF inflows and Ripple’s revenue guidance could sustain gains but thin depth and profit‑taking risk sharp reversals.