XRP Tests Resistance Near $1.10 Amid Positive Market Signals
XRP is nearing resistance at $1.10 as buyers maintain momentum after a recent sell-off, according to CoinDesk. With wallet creation and social sentiment rising, market participants are monitoring if XRP can sustain a breakout above this level.
XRP Price Movement
XRP has shown resilience, building a higher price base above $1.00 after last week’s sell-off. The token held support around $1.08, which was tested multiple times. It has recently made gains, edging up from $1.0611 to $1.0894, marking a 0.62% increase during the latest 24-hour session.
Market Dynamics
Despite the upward movement, XRP still encounters significant resistance just above the $1.10 mark, particularly near $1.1087. The ongoing resistance testing indicates that while there is bullish activity, a clear breakout above this resistance zone remains unconfirmed. Trading volume has increased by 26.92% compared to the seven-day average, signaling steady participation from buyers.
Recent Positive Indicators
- XRP wallet creation surged to 4,941 daily addresses, the highest daily growth in 14 weeks.
- Bullish sentiment on social media reached a three-month peak, with positive mentions far outpacing negative ones.
- Ripple completed a scheduled unlock of 1 billion XRP from escrow without causing significant price fluctuations.
Higher lows have been established recently at $1.0552, $1.0589, and $1.0799, suggesting buyer confidence at progressively higher levels. However, XRP remains within a consolidation phase and needs to break through the $(1.10–1.12)$ range to signal a more robust upward trajectory.
What to Watch
- Traders should focus on the $1.08 support level that buyers need to defend to maintain momentum.
- If the price drops below $1.08, the next downside target will be around $1.0611.
- For a bullish outlook, a clear move above $1.1087 could open pathways toward $1.12-$1.13.
- The overall market remains in a higher-base setup, indicative of potential future gains, contingent on breaking resistance at $1.10.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jul 3, 2026. SolanaWire does not republish source content.
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