XRP price moved back into focus after rising 3.3% to $1.1442 over 24 hours, reclaiming the $1.14 level after a sharper rebound from last week’s selloff.
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XRP Price Jumps
The token pushed through resistance near $1.12, giving traders the first sign of stronger buying after several short-lived recovery attempts earlier this year.
That momentum became clearer during the June 11 17:00 UTC session, when volume reached 120.2 million XRP, more than 160% above average.
The surge helped XRP break through the $1.1220 area and continue buying into the close, instead of fading immediately after the breakout.
The market now faces a technical test. If XRP holds $1.14 as support, traders may look for a move toward the $1.20–$1.25 zone, where previous rallies have stalled. But if the breakout fails, XRP could return to the weaker pattern that has defined much of its broader downtrend.
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Ripple Payment Infrastructure Update
The move also came with fresh attention on Ripple’s payment infrastructure. Bitso’s MXN-backed stablecoin, MXNB, is set to launch on the XRP Ledger and integrate with Ripple’s Payments on Decentralized Exchange infrastructure, adding peso liquidity to Ripple’s regulated cross-border settlement push.
At the same time, Ripple’s RLUSD and Bitso’s MXNB are meant to support on-chain dollar and peso liquidity for enterprise payment flows. That gives the XRP Ledger a clearer institutional use case, especially through infrastructure designed for regulated financial participants rather than purely retail trading.
SpaceX IPO Warming Up the Crypto Market
The XRP rebound also came as the wider crypto market warmed up after SpaceX priced its IPO at $135 per share.
The offering raised $75 billion and drew more than $250 billion in demand, which helped improve risk appetite across high-volatility assets, including major cryptocurrencies. Bitcoin moved back above $63,000 after the news, and that broader market recovery gave altcoins like XRP extra support.
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