Rewritten Version:
Dip buyers helped XRP recover from session lows and push back toward resistance, but thin volume has kept the move unconvincing, with traders still looking for a decisive break above $1.13–$1.14.
XRP is trying to build on its recent rebound, though upside momentum remains uncertain. After slipping toward $1.11, buyers stepped in to drive a bounce, but the rally struggled to gain traction. Attention now centers on whether the $1.13–$1.14 range can be reclaimed as support or continue to cap gains.
News Background
- XRP spot ETFs extended their inflow streak to nine weeks, adding $17.19 million despite persistent regulatory overhangs.
- The CLARITY Act lost near-term momentum after a planned Senate vote was delayed ahead of the congressional recess.
- Analysts are watching a descending long-term trendline, with the $1.14–$1.18 zone seen as key for a breakout.
- Technical signals show gradual improvement, including bullish divergence from $1.02 and a possible Elliott Wave setup, though confirmation is still pending.
Price Action Overview
- XRP traded near $1.1238 over the last 24 hours, holding above $1.11 after a sharp dip.
- The token underperformed the broader CD5 index by 143 basis points, indicating weaker relative strength.
- Volume climbed 16.19% above the weekly average, suggesting activity but not strong conviction.
- The heaviest trading came near $1.1110, with volume reaching 106.5 million XRP—about 129% above average levels.
- Prices later tested $1.1507 but failed to sustain gains near that level.
Technical Analysis
- Support around $1.11 remains intact, but XRP has yet to secure a sustained move above $1.13–$1.14 resistance.
- The prior breakout above $1.08 still holds, though further upside depends on stronger buying pressure.
- Repeated rejection near $1.1507 highlights continued selling interest at higher levels.
- Short-term structure weakened after a failed push near $1.1308, followed by a pullback to $1.1249, creating a lower high.
- Overall, XRP remains range-bound between $1.11 support and $1.14–$1.15 resistance.
Key Levels to Watch
- $1.1110: Key support anchoring the current range.
- $1.1249–$1.1270: Immediate support following the recent pullback.
- $1.1308–$1.1325: First resistance band to reclaim.
- $1.14–$1.15: Major resistance zone capping upside.
A sustained move above $1.15 could open the door to $1.17–$1.20, while a break below $1.1110 would weaken the recovery and put $1.08 back in focus.
