XRP Soars 10% as Asia Demand Boosts Price Above $1.20

The price of XRP has experienced a remarkable rally in recent days, with the cryptocurrency gaining over 10% in a single day and reaching $1.25.

This upward movement was fueled by strong demand from Asia and inflows into XRP ETFs, which recorded net inflows of approximately $10.68 million last week.

The price action also saw an increase in trading volume on Upbit, one of South Korea's largest cryptocurrency exchanges, with XRP's share of total trading volume rising from 13% to 31% in just one week.

The expansion of payment infrastructure within the XRP ecosystem has also been seen as a positive factor, with news of collaboration between XRP and OpenPayd, and developments regarding the native stablecoin project RLUSD.

However, analysts note that XRP must maintain the $1.20 level to continue its uptrend, warning that a loss of this support could lead to a short-term correction.