XRP traded near $1.15 on June 12 after bouncing from the $1.10 area, posting a gain of nearly 3% over 24 hours. Crypto.news market data showed daily trading volume at about $1.68 billion and market capitalization near $71.24 billion. The token stayed within a $1.10 to $1.15 range during the session, with buyers defending the lower end and pushing price back toward short-term resistance.
The move has not erased the broader decline. XRP remains down 21.48% over the past 30 days and 48.73% over the last year. It still ranks sixth by market value, with a fully diluted valuation of roughly $114.79 billion, circulating supply of about 62.05 billion tokens, and a maximum supply of 100 billion.
Heavy volume puts the $1.20 to $1.25 zone back in view
In the earlier 24-hour session, XRP climbed from around $1.1080 to $1.1442, gaining more than 3%. The strongest leg came as buyers pushed through resistance near $1.1220. During the June 11, 17:00 UTC session, volume jumped to about 120.2 million XRP, more than 160% above average, adding confirmation to the short-term breakout.
This rebound stood out because recent XRP recoveries had faded quickly. This time, buyers kept bidding into the close and lifted the price above $1.14. The next area under watch is $1.20 to $1.25. Earlier recoveries this year have struggled around that zone, so a clear push through it would be needed before traders can argue that the larger structure is improving.
Sentiment weakens as Santiment flags rising FUD
Santiment said XRP’s weighted sentiment has dropped to its lowest level since October 2025. The metric combines social volume with the balance between positive and negative commentary to track crowd positioning. The firm said, “XRP’s sentiment at 8-month lows, but this level of FUD tends to spark bull rallies.”
That signal does not confirm a rally by itself. It shows falling engagement and a heavier share of negative commentary, conditions that sometimes appear near rebound areas. Santiment also noted that XRP has posted strong recoveries in the past when trader interest cooled, which makes sentiment useful as a secondary indicator rather than a standalone trading call.
Analyst ChartNerd also pointed to XRP returning to the lower regression band of the Gaussian Channel on the two-week chart, near $1.04. He described that zone as a macro opportunity area based on prior cycles and said, “One of our XRP signals just fired.”
ETF stability and XRPL updates add context
SoSoValue data showed that XRP spot ETFs recorded zero outflows on June 11, while Bitcoin, Ethereum, and Solana ETFs saw redemptions. Net assets in XRP ETFs were reported at about $984.77 million, just below the $1 billion mark. Stable ETF demand does not guarantee a breakout, but it can help reduce pressure from spot selling during weak market conditions.
On the chart, XRP remains caught between a short-term rebound and a longer-term downtrend. Price has reclaimed $1.14, yet it still trades below the broader descending trendline that has guided the market since early 2026. Immediate support sits near $1.10. If that level fails, traders may look back to $1.04. On the upside, XRP needs to clear $1.15 first and then build toward $1.20. A daily close above $1.20 would shift attention to $1.25.
On the network side, Ripple and Bitso expanded their partnership by bringing the Mexican peso-backed stablecoin MXNB to the XRP Ledger. The stablecoin will also connect with Ripple’s Payments on Decentralized Exchange infrastructure, with the setup aimed at supporting enterprise settlement between the United States and Mexico. Ripple’s RLUSD and Bitso’s MXNB are expected to provide on-chain dollar and peso liquidity for payment flows.
The XRPL 3.2.0 upgrade is also expected on June 15. According to the report, the release will rename the core software from “rippled” to “xrpld” and may reduce server memory use by around 40%. Those developments add institutional payments context to XRPL, while the price action still depends on whether XRP can break through overhead resistance.