Heavy volume pushed XRP through a key resistance level, but momentum faded near $1.16 as sellers stepped in, turning the move into a test of whether the breakout zone can now hold as support.
XRP broke above $1.14, a level that had repeatedly capped upside attempts, but the rally struggled to extend into higher resistance. Buyers drove the token to around $1.158 on strong volume before profit-taking pulled it back toward $1.146, shifting price action into a breakout retest phase.
News Background
- XRP spot ETFs logged a ninth consecutive week of inflows, totaling $17.19 million despite wider market uncertainty.
- The CLARITY Act missed its expected timeline after the Senate adjourned without a floor vote, delaying regulatory progress.
- Santiment data shows XRP’s 30-day MVRV near -45% and 365-day MVRV around -47%, signaling most holders remain heavily underwater.
- Analysts continue to point to improving technical signals, including a 4-hour trend break, bullish divergence, and a potential Elliott Wave structure.
Price Action Summary
- XRP rose from $1.1344 to $1.1454 over the 24-hour period, up about 2.87%.
- A breakout occurred at 22:00 UTC on July 5, with volume surging to 81.89 million XRP, roughly 207% above average.
- Price jumped from $1.1356 to $1.1594 within two hours, clearing resistance near $1.1400.
- Sellers reappeared near $1.158, dragging XRP back toward $1.146 and briefly breaking the $1.150 level.
Technical Outlook
- The breakout above $1.1400 on heavy volume now shifts that level into near-term support.
- Rejection at $1.158 confirms resistance remains active ahead of the $1.17–$1.20 zone.
- On the 60-minute chart, failure to reclaim $1.155 has compressed trading into a $1.145–$1.151 range.
- The broader structure remains positive as long as XRP holds above $1.14.
- A drop below $1.145 would weaken momentum and expose $1.142 and $1.133.
Key Levels
- Support: $1.140–$1.145
- Resistance: $1.155, then $1.17–$1.20
- Upside trigger: A move above $1.20 opens $1.29–$1.30
- Until $1.155 and $1.17 are reclaimed, XRP remains in a breakout retest rather than a confirmed uptrend.
