In the latest XRP market update, XRP is trading at approximately $1.07, down 0.57% over the last 24 hours, as the cryptocurrency continues to struggle with resistance near the $1.10 level. The barrier has prevented the token from extending its recovery for three consecutive trading sessions.
Although the chart appears relatively stable, the underlying macroeconomic conditions and blockchain data suggest a more complicated market setup. The next decisive move will depend on whether XRP can break through this resistance zone or reverse lower amid shifting market forces.
The Federal Reserve kept its benchmark interest rate unchanged at 3.50%–3.75%, but Fed Chair Kevin Warsh’s post-meeting comments maintained a hawkish tone. His commitment to achieving the Fed’s 2% inflation target reinforced cautious sentiment across risk-sensitive markets.
Despite the pressure from monetary policy expectations, on-chain data from Santiment points to continued accumulation by mid-tier XRP investors. Wallets holding between 10,000 and 100,000 XRP now represent 11.9% of total supply, up from 11.64% on July 1. The 100,000 to 1 million XRP holder group also increased its share to 11.75% during the same period.
Adding to XRP’s positive developments, Ripple secured full MiCA Crypto-Asset Service Provider authorization in Europe this week, marking a major regulatory achievement that could support institutional XRP payment activity throughout the region. Meanwhile, XRP perpetual futures open interest remains strong at 2.27 billion XRP, slightly below its weekly high of 2.29 billion.
The combination of Federal Reserve uncertainty, a technical ceiling near $1.10, and Ripple’s regulatory progress creates a critical setup for XRP’s next move.
XRP Price Outlook: Can Bulls Break the $1.10 Resistance?
XRP remains priced around $1.07, trading below the Bollinger Band midpoint near $1.10 and beneath all major exponential moving averages.
The 50-day EMA at $1.13 and the upper Bollinger Band near $1.14 create a significant resistance area that has repeatedly limited upward moves. Further overhead resistance comes from the 100-day EMA at $1.21 and the 200-day EMA at $1.41, both suggesting that the broader trend remains under pressure unless momentum improves.
Momentum indicators remain cautious. The daily RSI is hovering around 45, sitting in neutral territory but showing signs of weakening strength. The MACD remains slightly negative, indicating that recent bullish attempts have lost momentum rather than attracting strong new buying. Lower trading activity and reduced open interest compared with recent peaks also suggest that a breakout may not be immediate.
The $1.00 mark remains the most important support level for XRP traders. A daily close below this zone would invalidate the current recovery structure and strengthen the bearish outlook.
A breakout above $1.10 supported by strong volume, rising open interest beyond the 2.29 billion XRP peak, and continued institutional interest following MiCA approval could open the way toward $1.13–$1.14.
Until those catalysts emerge, XRP is likely to continue moving sideways between $1.05 and $1.15 as the market waits for ETF developments and possible exchange-related catalysts. A move below $1.00 would signal increasing selling pressure and weaken the bullish impact of recent accumulation among mid-sized holders.
