XRP Price Surges as Ripple Expands XRPL Payments Network

XRP recorded a strong rebound this week, climbing 3.3% over the past 24 hours as buyers returned with the highest trading volume seen in weeks. The cryptocurrency rose from $1.1080 to $1.1442, reclaiming the important $1.14 level and breaking above resistance near $1.12. The move has renewed optimism among traders who have watched several failed recovery attempts since February.

The rally gained momentum during the June 11 17:00 UTC trading session when volume surged to 120.2 million XRP, more than 160% above normal levels. This sharp increase in buying pressure pushed XRP through the $1.1220 resistance zone and helped sustain gains into the close. Unlike previous short-lived rebounds, the latest advance was supported by significant market participation, suggesting stronger conviction among buyers.

Investor sentiment also received a boost from Ripple’s latest ecosystem development. Ripple announced that Bitso’s MXN-backed stablecoin, MXNB, will launch on the XRP Ledger (XRPL) and integrate with its Payments on Decentralized Exchange infrastructure. The initiative is expected to strengthen regulated cross-border payment settlements between the United States and Mexico.

Ripple’s RLUSD stablecoin and Bitso’s MXNB are designed to provide on-chain U.S. dollar and Mexican peso liquidity for enterprise payment flows. The project will utilize XRPL’s Permissioned DEX, a framework built specifically for regulated financial institutions, further expanding institutional adoption of XRP Ledger technology.

From a technical perspective, XRP’s rebound began near the widely watched $1.09 support area, a level many analysts identified as a critical long-term floor. While the recent breakout is encouraging, XRP remains below the broader descending trendline that has guided the market lower throughout 2026. As a result, traders remain divided between a developing bullish reversal and the continuation of the larger downtrend.

Market participants will now closely monitor $1.14 as a key support level. Above that, the $1.20 to $1.25 range remains the most important resistance zone. Several analysts believe a decisive breakout above $1.25 would confirm a stronger trend reversal and open the door toward $1.40 and potentially $1.50.

However, rejection within the $1.20-$1.25 area could reinforce the prevailing bearish structure. In that scenario, attention would likely shift back to the $1.09 support level, with some analysts continuing to warn that XRP could still revisit the $0.90 region before establishing a more significant long-term bottom.