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XRP gives back gains after 10% rally as traders take profit near $1.25

CoinDesk 2026-06-16 05:16:07
Context: The event occurred in the context of cryptocurrency markets, specifically involving the XRP token. The location is not specified. The price movements and trading activities are the focus of the story.

Key Facts

  • XRP experienced a 10% rally, driven by Asian demand and ETF inflows, which helped push its price through $1.20.
  • The token struggled to hold its gains after encountering fresh selling near a key resistance zone, specifically near the $1.25 price level.
  • Traders took profit near $1.25, causing XRP to give back its gains.
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