XRP Nears $1.20 as Upbit Flow Share Hits 31%, ETPs Draw $10.7M, Ripple Ships AI Kit

XRP News

Risk appetite came roaring back as the United States and Iran moved closer to a preliminary deal to end hostilities, and XRP rode the shift higher — climbing roughly 12% in a single day to trade near $1.28. Over the same stretch, Bitcoin reclaimed $66,000 and Ethereum pushed back above $1,800. XRP cleared $1.25 intraday before reaching $1.267, posting the second-strongest gain among the top 10 altcoins. The direct catalyst was easing Middle East tension, after Iran’s deputy foreign minister signaled the agreement would be formally signed on Friday. Even so, reports of Israel widening operations in southern Lebanon kept a layer of geopolitical uncertainty in place.

The fundamentals gave the rally something to stand on. Ripple CEO Brad Garlinghouse confirmed the company is preparing to secure a full U.S. banking license, framing it as a strategic step toward a new all-time high (ATH) for XRP. Analysts read a banking charter as a way to deepen the institutional credibility of asset issuance and payments built on the XRP Ledger (XRPL). A June 15 XRPL protocol upgrade, designed to support institutional adoption, added to the case — though with a bearish chart backdrop, some caution that its impact may already be priced in.

The picture was less upbeat on what had been a core growth narrative: real-world asset (RWA) tokenization showed signs of a short-term cooldown. On-chain data shows that over the 30 days ended June 5, tokenized assets on XRPL slipped 11% month-over-month to $384.5 million, while transfer volume of those assets plunged 59% to $54.1 million. That dragged XRPL’s global RWA share down to roughly 1%. The flows did not dry up entirely, however — RWA holders jumped 275% to 105, and stablecoin transfer value rose 118% to $4.5 billion, pointing to continued capital moving into the DeFi (decentralized finance) layer.

Institutional money kept flowing in steadily. Product and on-chain data show that in the week ended June 12, XRP spot ETFs drew $10.68 million in net inflows, a second consecutive week in positive territory. Cumulative net inflows now stand near $1.44 billion, with total assets under management (AUM) at $978.86 million — within striking distance of the psychologically important $1 billion mark. Products approaching $1 billion in AUM tend to pull additional capital from traditional finance. The Ripple Payments–OpenPayd integration and expanding RLUSD mint-and-burn activity reinforce the read that XRP’s real-world payments usage is growing.

Positioning and regulation are also in focus. In XRP futures, short positions outweigh longs by roughly 9 to 1, leaving room for a sharp short-squeeze rally if a regulatory catalyst lands. The market views passage of the CLARITY Act — the U.S. crypto market-structure bill — as the pivotal variable; if it clears, U.S. financial institutions could use XRP far more actively across exchanges and payment rails. Still, with the appeal process between the U.S. Securities and Exchange Commission (SEC) and Ripple unresolved, structural legal risk remains a reason for caution.

The technical structure shifted as well. On June 14 at 21:00 UTC, volume spiked to 107.6 million XRP — the largest reading since early June’s sell-off — as the token broke through resistance at $1.14, $1.18 and $1.20 in succession, completing a bull-flag pattern. Those former ceilings have flipped into near-term support. The move was amplified by forced liquidations of traders betting on a decline. Some now float the prospect of $3 in the short term, but with a market capitalization of roughly $77 billion, analysts note that any further large leg up would need a clear narrative of sustained institutional inflows, even amid bull-market optimism.

(as of 09:16 UTC) Per COINOTAG’s proprietary scoring engine, which integrates 42 indicators into a single support-and-resistance read (as of 09:14 UTC), XRP — trading at $1.2773 — faces first resistance at $1.2618, rated 83 out of 100 thanks to an overlap of R2, the 0.382 Fibonacci level and a doji candle. The next ceiling at $1.3285 scores 69, anchored by the 0.500 Fibonacci level and Ichimoku Senkou Span B. On the downside, support sits at $1.1693 (77; 0.214 Fibonacci and Ichimoku Senkou Span A) and $1.2140 (74; the point of control and the Ichimoku base line). Derivatives funding is marginally negative at -0.0012%, open interest stands at $728.48 million, and the long/short ratio of 3.30 (76.7% long) signals a crowded long bias. The Fear & Greed Index remains at 23 (extreme fear). With an RSI of 50.99 and a bullish MACD, a volume-backed break of $1.2618 would open the way to $1.3285 — but a loss of $1.2140 support would invalidate the bullish scenario.