NewsVideoPricesResearchEventsData & IndicesSponsored Jun 12, 2026, 6:38 a.m. 2 min readSummaryXRP rebounded from last week’s sell-off to reclaim $1.14 on its strongest trading volume in weeks, breaking through resistance around $1.12.The move is backed by Ripple’s push to expand regulated cross-border payments on the XRP Ledger, including Bitso’s new MXN-backed stablecoin and on-chain dollar and peso liquidity products.Traders are watching whether XRP can hold support near $1.14 and clear the key $1.20 to $1.25 resistance zone, which would signal a potential trend reversal from the broader downtrend.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.• Momentum accelerated into the close, with XRP breaking above $1.14 on some of the strongest hourly buying seen in weeks.Technical Analysis• The rally is notable because it started from the same $1.09 area many analysts had identified as major macro support.• Volume confirmed the move. Unlike recent recovery attempts that faded quickly, this advance came with meaningful participation rather than thin liquidity.• Even so, XRP remains below the larger descending trendline that has defined the broader downtrend since early 2026.• The market is effectively trapped between a short-term bullish reversal and a longer-term bearish structure. Until one breaks, both scenarios remain viable.What traders should watch• $1.14 now becomes the first support level bulls need to defend after the breakout.• The bigger level is $1.20-$1.25. Multiple analysts have identified that zone as the line separating a genuine trend reversal from another failed rally.• A clean break above $1.25 would shift attention toward $1.40 and potentially the $1.50 area.• Failure near resistance would reinforce the broader downtrend and put focus back on the $1.09 support zone, with some bearish analysts still pointing to the possibility of a final move toward $0.90 before a larger bottom forms.12345678910