XRP climbed 10% in the past 24 hours, touching $1.25 intraday before settling at $1.24. The rally pushed the token's market cap to $77 billion as total crypto market capitalization approached $2.4 trillion. Trading volume spiked to 107.6 million XRP at 21:00 UTC on Monday, with South Korean exchange Upbit accounting for a growing share of the action.
Upbit's outsize role
Upbit dominated XRP wallet flow by June 14, capturing 31% of the token's on-chain movement. That's more than double the 13% share the exchange held just a week earlier. The concentration on a single exchange raises the usual questions about liquidity depth, but Korean traders have historically piled into XRP during rallies. So far, the buying has held — immediate support sits at $1.2 and $1.18, with resistance bands at $1.30–$1.32 and $1.50.
ETF money keeps coming
XRP ETF products have pulled in roughly $1.4 billion in cumulative net inflows since launch. That steady institutional demand provides a backstop for the spot price, even when retail volume ebbs. The inflows help explain why XRP has held above the $1 mark for weeks, a level that looked shaky back in May. With $1.4 billion parked in ETF vehicles, the downside risk from a sudden sell-off is somewhat cushioned.
Bitcoin Hyper presale closes round
In other market news, Bitcoin Hyper raised $32 million in its presale, selling tokens at $0.0136 each. The project claims to be the first Bitcoin Layer 2 with Solana Virtual Machine integration — a pitch that blends Bitcoin's security with Solana's speed and developer tooling. Whether that technical promise translates into real usage remains an open question, but the presale number shows appetite for Bitcoin-based scaling plays.
XRP's next test is the $1.30 resistance zone. If it breaks through, the $1.50 band comes into play. If not, all eyes stay on support at $1.18.
