While XRP is trading around $1.09 as of July 18, the range between $1.10 and $1.12 is seen as the decisive region in the short-term technical outlook. The price has moved in a narrow band in recent days. On the other hand, the last 30-day chart shows that buyers are having difficulty creating a more permanent recovery.
In the short term, $1.06 support stands out
On the four-hours chart of XRP/USD, the price bounced back from the $1.12 to $1.13 resistance zone and moved closer to the $1.06 demand area. This level is of technical importance as it coincides with the lower boundary of the broader horizontal compression structure.
If XRP holds above $1.06, a retest of $1.10 and then $1.12 is possible. On the other hand, a permanent decline below this zone could weaken the bullish scenario and increase the risk of a deeper correction.
The short-term outlook for XRP remains dependent on whether the $1.06 support can be maintained and whether the $1.10 to $1.12 band can be breached again.
Price movement throughout 2026 also points to a similar squeeze. XRP had risen above $2 in the previous part of the year. In the following period, it retreated and sought balance at lower levels in recent months.
| Level | Technical meaning |
|---|---|
| $1.05 to $1.07 | Main support zone |
| $1.10 to $1.12 | Neckline and confirmation area |
| $1.15 | First significant resistance |
| $1.18 to $1.20 | Stronger resistance zone |
Inverted head and shoulders formation is observed
The main technical structure that stood out on the daily chart was a possible inverted head and shoulders formation. While the head part of the formation is formed between $ 1.05 and $ 1.07, higher bottoms are noticeable on the shoulders. The neckline is between $1.10 and $1.12.
Mini dictionary: Reversal head and shoulders is a chart structure that can occur after a downward trend and indicates a possible change in direction. For the formation to be considered valid, the price must break above the neckline and this break must continue.
The falling wedge structure can also be seen in the same chart. The intersection of two formations in the same region creates an additional technical focal point. However, such structures are not considered as definitive signals, but as technical setups that only gain meaning if certain conditions are met.
The reverse head-and-shoulder formation is not considered complete until the 1.10 to 1.12 dollar band is crossed; Therefore, the bullish expectation remains conditional for now.
The $1.20 zone is the main near-term resistance
A sustained move above $1.12 is expected to initially test the resistance at $1.15. If this level is exceeded, the range between 1.18 and 1.20 dollars stands out as the next important region. The analysis also includes conservative targets that could extend to the $1.25 to $1.35 range after a confirmed breakout. A wider falling wedge projection may bring a range between $1.45 and $1.55.
However, these levels are not considered as definitive targets, but only as possible technical zones that can be followed in case of a strong breakout. Therefore, in the short term, the main focus of the market is on whether the $ 1.10 to $ 1.12 band can be turned into support.
XRP’s outlook against Bitcoin is also being monitored
The XRP/BTC pair presents a distinct picture in terms of the asset’s relative strength not only on a dollar basis but also against Bitcoin. In the evaluation based on the monthly SuperTrend indicator, it is stated that XRP / BTC moved to a more positive trend in 2024 after the weak period between 2018 and 2024, and that this process continued until the peak in July 2025.
Mini dictionary: SuperTrend is a trend indicator derived from price and volatility data. It is generally used to follow price direction changes over wider time frames.
There was a retreat in this parity again throughout 2026. If the rate holds a significant support area, it could indicate that XRP is starting to regain strength against Bitcoin. Otherwise, the possibility of the relatively weak performance continuing will remain on the table.
