XRP (XRP) is pushing toward the $1.20 level as wallet-flow data shows a sharp shift toward South Korea’s Upbit exchange.
Key Points:
- XRP traders are watching the $1.20 area as the next clear resistance level.
- CryptoQuant data shows Upbit’s XRP net wallet flow dominance rose from 13% to 31%.
- The flow signal supports market attention, but bulls still need price confirmation.
XRP Upbit Flows
Data shows Upbit’s XRP Net Wallet Flow Dominance rose from 13% on Jun. 7 to 31% on Jun. 14, its highest level since May 2024. The move means Upbit now accounts for the strongest concentration of XRP deposit-wallet activity among major exchanges.
The shift matters because XRP has long had a trading profile shaped by retail interest, fast rotations and strong regional participation. South Korea remains one of the most active markets for the token, so a sharp rise in Upbit’s share gives traders a clearer signal to track.
Still, the data does not prove that spot buyers are taking control. Exchange wallet activity can reflect deposits, withdrawals, internal transfers, market-maker positioning or short-term speculation, which means the Upbit signal works best as context.
Also Read: Bitget Says Tokenized Assets Are Closing The Crypto Liquidity Gap
XRP Price Test
The $1.20 area gives bulls a simple level to beat. A clean break above that zone would suggest buyers are starting to gain control of the short-term structure, especially if volume expands during the move.
A brief touch would not be enough. The stronger signal would be a move above $1.20 followed by a hold, because a quick drop back below the level would point to a liquidity sweep rather than a durable breakout.
The broader market also remains important. If Bitcoin (BTC) stays firm, XRP has a better chance of turning the Upbit flow signal into a confirmed breakout.
If Bitcoin weakens, XRP could struggle even with stronger exchange-specific activity.
For now, XRP has a visible resistance level, renewed attention from traders and a fresh data point from South Korea. The next step is confirmation on price, not just flow dominance.
XRP has often moved in sharp bursts around major resistance zones, especially when regional exchange activity rises. Recent trading shows that the token still needs sustained follow-through after sudden flow changes, because past spikes have faded when broader market support weakened.
Read Next: Uniswap's UNI Token Could Rise 40x By 2030, Standard Chartered Says
