XRP rally stalls at $1.25 amid heavy profit-taking

After breaking the $1.20 resistance level on the back of strong demand from major Asian markets and ETF inflows, XRP has pared some of its gains after encountering heavy profit-taking pressure near $1.25, CoinDesk reported. The token rallied more than 10% at one point to touch the $1.25 mark but failed to break through. Market attention is now focused on whether this former resistance level will hold as support. Last week, XRP ETFs recorded net inflows of $10.68 million. On the South Korean exchange Upbit, XRP's share of trading volume surged from 13% to 31% in just one week, driving a surge in buying from Asia. While news of an expansion in its payments infrastructure with OpenPayd and its native stablecoin, RLUSD, also provided a boost, analysts suggest that XRP must defend the $1.20 level to maintain its upward momentum.