XRP jumped 8% on Tuesday, climbing back above $1.20 for the first time in weeks — its sharpest single-day gain since the broader crypto selloff in June. Heavy trading volume drove the token through multiple resistance levels, snapping a period of defensive positioning that had kept prices pinned below $1.10.
Breakout above resistance
After weeks of consolidation, XRP finally broke past the $1.15 level that had held as a ceiling since late June. Once that barrier cleared, buying accelerated, pushing the token to an intraday high just above $1.20. Volume spiked to nearly twice the 30-day average, signaling real conviction behind the move — not just a short squeeze.
Traders had been cautious since the June selloff, when XRP lost nearly a quarter of its value in a matter of days. Tuesday's rally marked the first time buyers stepped in with enough force to reclaim lost ground. The question now is whether momentum can hold.
All eyes on $1.30
With $1.20 retaken, attention shifts to the next psychological target: $1.30. That level has acted as both support and resistance over the past three months, and a clean break above it would signal a more sustained recovery. For now, traders are watching whether XRP can hold above $1.18 into the close — a key test of conviction.
The move comes amid no obvious catalyst or news event tied to the token's underlying network or regulatory developments. Instead, the rally appears driven by a shift in market sentiment, with buyers stepping in after weeks of defensive positioning. Whether that shift has legs — or fizzles as quickly as it flared — remains the day's open question.
