XRP bounced sharply from last week’s selloff, reclaiming $1.14 on its strongest volume in weeks. Buyers pushed the token through resistance near $1.12 and kept buying into the close, a change from the short-lived rebounds that have repeatedly faded since February.
The next test sits higher up, as every major recovery this year has stalled before reaching the $1.20-$1.25 area.
News Background
• Ripple said Bitso’s MXN-backed stablecoin MXNB will launch on the XRP Ledger and integrate with its Payments on Decentralized Exchange infrastructure, expanding regulated cross-border settlement between the U.S. and Mexico.
• Ripple’s RLUSD and Bitso’s MXNB are designed to provide on-chain dollar and peso liquidity for enterprise payment flows, adding another institutional use case for XRPL infrastructure.
• The initiative builds around XRPL’s Permissioned DEX, a framework aimed at regulated financial participants rather than retail users.
Price Action Summary
• XRP rose from $1.1080 to $1.1442 during the 24-hour session, gaining 3.3%.
• The key move came during the June 11 17:00 UTC session, when volume surged to 120.2 million XRP, more than 160% above average, pushing price through resistance near $1.1220.