XRP is attempting to establish a higher price base above $1 following last week’s selling pressure. The asset, which rose gradually during US trading hours, maintained the $1.08 level in successive tests and approached $1.10. However, sales in this region have regained strength. Although the short-term outlook remains constructive, the move has not yet turned into a clear breakout.
$1.08 stands out in price action
In the last 24 hours, XRP increased from $1.0611 to $1.0894. The intraday increase was recorded as 0.62%. The price formed higher lows at $1.0552, $1.0589, and $1.0799, indicating that buyers stepped in higher on each pullback. This structure gave a sign of recovery after the defensive course in the short-term chart in recent weeks.
Transaction volume also accompanied the movement. Volume rose 26.92% above the seven-day average. The strongest buying wave was seen at 13:00 UTC; At this hour, volume reached 117.5 million XRP, approximately 142% above the 24-hour average. The increase in volume during the rise indicated that buying interest came to the fore rather than retreat moments.
| Indicator | Level |
|---|---|
| 24 hour bottom | $1.0611 |
| 24 hour peak | $1.0894 |
| instant support | $1.08 |
| initial resistance | $1.10 to $1.1087 |
| upper target zone | $1.12 to $1.13 |
Buyers’ protection after reclaiming the $1.08 level has turned this area into the nearest support area for the next move.
Resistance zone not yet breached
The upside attempt stalled near $1.1087. Failure to breach this zone revealed that sellers continued to defend the first significant resistance area just above the spot price. Then, XRP moved sideways between $1.08 and $1.09 with lower volume.
In the short term, the main threshold followed by the market stands out as the range of 1.10 to 1.12 dollars. Unless XRP can break above this range and achieve persistence, the outlook is considered more of a process of forming a higher base than a confirmed breakout. Maintaining $1.08 is therefore considered decisive. If this level is lost, the next area to watch below will be $1.0611.
A clean break above $1.1087 could pave the way for the price to head towards the $1.12 to $1.13 range.
On-chain and social indicators gain strength
Network data has also revealed a more positive picture in recent days. The number of new daily XRP wallets rose to 4,941, marking the strongest single-day increase in the last 14 weeks. The ratio of positive to negative comments on social media increased to 3.7 to 1, reaching the highest level in the last three months.
Ripple’s completion of the planned 1 billion XRP escrow account unlocking did not create a significant shock on the price. XRP’s movement has been largely in line with the overall crypto market. This outlook indicated that broader market flow was driving pricing rather than a very strong asset-specific trigger. Ripple is known as a US-based technology company that develops payment solutions around the XRP Ledger ecosystem.
