XRP – Uneven demand caps XRPs latest surge after altcoin breaches $1.18

$XRPs latest advance pushed the price above the $1.18-zone, a level that repeatedly capped recovery attempts following the early June sell-off from $1.36.

The surge pushed $XRPs price to $1.22 and coincided with a 94% surge in daily trading volume to $1.73 billion.

Source: $XRP/USD on TradingView

That uptick hinted at strengthening participation as the price advanced on the charts. More importantly, reclaiming $1.18 shifts focus from simple recovery towards a potential trend reversal.

However, the breakout still remains unconfirmed. Sustained buying above $1.18 is needed before stronger upside continuation emerges across the board.

ETF demand strengthens $XRPs recovery

$XRPs recovery has so far increasingly benefited from institutional participation, with ETF demand building in the background.

Since late 2025, U.S Spot ETFs have attracted roughly $1.44 billion in cumulative inflows, including 8.80 million $XRP worth roughly $10.68 million in the latest week. As a result, ETF holdings have now climbed towards 924 million $XRP, gradually reducing liquid supply.

Source: $XRP Insights

This might explain why $XRP has remained resilient, despite cautious market conditions.

More importantly, ETF inflows are evolving from short-term catalysts into a steadier source of demand. And yet, sustaining the recovery still depends on whether those inflows continue to support market absorption or not.

Upbit dominates $XRPs flows

$XRPs latest breakout also highlighted strengthening demand. However, its worth pointing out that the source of that demand has been increasingly concentrated. While the altcoin recovered from $1.11 to $1.18, wallet-flow dominance shifted decisively towards Upbit, creating a divergence between rising price and increasingly uneven exchange participation.

Upbit‘s dominance climbed from 13% on 7 June to 31% on 14 June – Its highest level since May 2024. On the contrary, Coinbase’s share fell from 27% to 0% while Binance‘s declined from 16% to 13% and Crypto.com’s from 9% to 3%.

Source: CryptoQuant

This divergence could mean that $XRPs recovery is not being confirmed equally across major exchanges. While concentrated flows can support short-term advances, broader participation across venues will provide stronger evidence that demand is expanding rather than rotating between regions.

All these factors, together, coupled with broader participation, remain crucial for $XRPs sustained upside.

Final Summary

• $XRP reclaimed its key resistance with rising volume, but sustained demand above $1.18 remains essential for trend confirmation.
• Growing dependence on Upbit has raised questions about recovery breadth so far.