XRP rockets 8% above $1.20 breakout

XRP experienced a significant rally, surging 8% to trade above $1.20 on strong trading volume, marking its first major breakout since an early June selloff. This upward movement pushed XRP past several key resistance levels, with traders now closely monitoring its ability to sustain this momentum towards the $1.30 mark. The rally is supported by increased demand from Asian markets, particularly South Korea's Upbit exchange, and continued inflows into XRP ETF products. Technical indicators suggest a potential shift in market sentiment, with bulls regaining control after a period of defensive positioning.