XRP Price Tests $1.20 as BlackRock ETF Speculation Grows

Key Insights

• XRP price is testing $1.20 support after profit-taking near $1.25.
• Jake Claver says BlackRock could eventually file for an XRP ETF.
• ETF inflows and Asian demand helped XRP break above $1.20.

XRP price is trading near $1.24 after losing momentum close to the $1.30 zone. The token had surged above $1.20 as buyers returned to large-cap altcoins.  Meanwhile,  sellers forced a quick pullback near the resistance.

That latest price spike followed a surge in demand from Asian markets & fresh inflows of cash into XRP ETFs. South Korean exchange Upbit also saw a sharp rise in XRP-related activity. That helped lift market confidence during the latest rebound.

Still, traders are now focused on one level. XRP must hold the $1.20 area to keep its short-term structure intact. A clean loss of that zone could invite another retest of support.

XRP Price Tests Support After Rally Faces Heavy Selling

XRP price rallied sharply after defending lower levels near $1.14. The move pushed the token above $1.20 and later toward the $1.27 to $1.30 range. That area has now become the main resistance zone.

The rejection was not unusual after such a fast move. Traders often take profit near former breakdown zones. In XRP’s case, the $1.30 area also aligns with a key technical barrier.

Analyst EGRAG Crypto had mapped $1.19 and $1.26 as important levels. XRP later reached those targets before showing signs of rejection. His latest view suggests that $1.19 remains the level to watch.

XRP Price Analysis | Source: EGRAG Crypto on X

If XRP holds above $1.19, buyers may still control the short-term setup. A drop below that area could weaken the rebound. A deeper move under $1.14 would place sellers back in control.

The intraday range also shows why traders remain cautious. The price of XRP was highly volatile, fluctuating between $1.18 and $1.29. That range indicates demand and activity for profit-taking.

XRP ETF Inflows Add Fuel as Asian Demand Strengthens

XRP ETF demand remains a key market narrative. Recent inflows into Bitwise and Franklin XRP products have also remained a key talking point among traders.

ETF flows matter because they show institutional-style demand. They can reduce the available market supply when funds add exposure. However, ETF demand alone may not prevent short-term pullbacks.

Asian activity also helped drive the latest move. Upbit reportedly accounted for a large share of XRP wallet flows. That suggests South Korean traders played a major role in the breakout.

XRP ETF Inflows | Source: X

Top traders were also bullish on Binance positioning, reinforcing the bullish sentiment, as shorts were squeezed. Nearly $6 million to $7 million in XRP shorts were reportedly liquidated within 24 hours.

Short liquidations can accelerate rallies. Still, they can also fade once forced buying slows. That is why the $1.20 support zone remains important now.

BlackRock XRP ETF Speculation Rises With XRPL Interest

BlackRock XRP ETF speculation returned after comments from Jake Claver. The Digital Ascension Group Chairman said he expects BlackRock could eventually file for a spot XRP ETF. His view is tied to growing interest in the XRP Ledger.

BlackRock has not announced any spot XRP ETF filing. This makes it speculative rather than confirmed. Still, the comments gained attention because institutions are exploring blockchain settlement tools.

XRPL Commons director Odelia Torteman has said major firms have examined the XRP Ledger. Those names include BlackRock, Mastercard, and Franklin Templeton. The interest centers on tokenization, payments, and regulated settlement use cases.

Ripple has also expanded XRPL’s institutional footprint since 2025 and has made key additions, including RLUSD settlement pilots, tokenized lending work, and payments infrastructure integrations. All these developments play a big part in advancing the wider XRP adoption story.

The XRPL 3.2.0 upgrade also adds to the current debate. The update is expected to improve network speed and reliability. Better infrastructure could support higher settlement activity over time.

For now, XRP price remains tied to support and resistance. A move back above $1.30 would improve momentum. A failure to defend $1.20 would shift attention back toward $1.19 and $1.14.

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