XRP is starting to build a higher price base above $1, holding support around $1.08 after last week’s sell-off but still short of a confirmed breakout:
- XRP held support at $1.08 and pushed toward $1.10 before sellers slowed the move:
- Trading showed higher lows and rising volume, with buyers active on the advance:
- Wallet creation and bullish social sentiment have recently strengthened, yet XRP remains in consolidation until it can sustain a move above the $1.10–$1.12 zone:
XRP is starting to build a higher base above $1 following last week's sell-off. The token edged higher through the U.S. session, held $1.08 on repeated tests and pushed toward $1.10 before sellers slowed the move:
News Background
• XRP wallet creation rose to 4,941 daily addresses, the strongest single-day growth in 14 weeks:
• Bullish social sentiment reached a three-month high, with positive comments outnumbering bearish ones by 3.7 to 1:
• Ripple completed its scheduled 1 billion XRP escrow unlock without a meaningful price shock:
• XRP’s move tracked the broader crypto market closely:
Price Action Summary
• XRP rose from $1.0611 to $1.0894 during the 24-hour session, gaining 0.62%:
• The token established higher lows at $1.0552, $1.0589 and $1.0799:
• Volume rose 26.92% above the seven-day average:
• XRP failed to clear resistance at $1.1087 and later consolidated between $1.08 and $1.09:
Technical Analysis
• The key development is that XRP held $1.08 after reclaiming the level, turning it into the immediate support zone for the next move:
• The higher-low structure improves the short-term chart:
• Volume expanded during the advance rather than the pullback, suggesting buyers were active during the push higher:
• The failure near $1.1087 shows sellers are still defending the first major resistance zone above spot:
• XRP remains in a consolidation phase until it can break and hold above $1.10-$1.12:
What traders should watch
• $1.08 is the immediate support level bulls need to defend:
• $1.0611 is the next downside level if $1.08 fails:
• $1.10-$1.1087 is the first resistance zone after capping the latest advance:
• A clean move above $1.1087 would open the path toward $1.12-$1.13:
• Until XRP clears $1.10, the market remains a higher-base setup rather than a confirmed breakout:
