Strong volume pushed XRP above a key resistance level, but momentum faded near $1.16 as sellers stepped in, leaving the market to test whether the breakout zone can now hold as support.
XRP broke through the $1.14 level that had repeatedly capped upside moves, but the rally struggled to extend into higher resistance. Buyers lifted the token to about $1.158 on elevated volume before profit-taking dragged it back toward $1.146, turning the session into a retest of breakout strength.
News Background
- XRP spot ETFs saw a ninth straight week of inflows, totaling $17.19 million despite broader uncertainty.
- The CLARITY Act missed its expected timeline after the Senate adjourned without a floor vote, delaying regulatory momentum.
- Santiment data shows XRP’s 30-day MVRV near -45% and 365-day MVRV around -47%, indicating most holders remain deeply underwater.
- Analysts continue to highlight improving technical signals, including a 4-hour trend break, bullish divergence, and a possible Elliott Wave setup.
Price Action Summary
- XRP rose from $1.1344 to $1.1454 over 24 hours, gaining 2.87%.
- A breakout occurred at 22:00 UTC on July 5, with volume spiking to 81.89 million XRP, about 207% above average.
- Price surged from $1.1356 to $1.1594 within two hours, clearing resistance near $1.1400.
- Sellers later reappeared around $1.158, pulling XRP back toward $1.146 and briefly breaking the $1.150 level.
Technical Outlook
- The decisive break above $1.1400 on strong volume now shifts that level into key support.
- The rejection near $1.158 does not invalidate the breakout, but shows resistance remains active ahead of $1.17–$1.20.
- On the 60-minute chart, failure to reclaim $1.155 has tightened price action between $1.145 and $1.151.
- The short-term structure stays constructive as long as XRP holds above $1.14.
- A break below $1.145 would weaken momentum and expose $1.142 and $1.133.
Key Levels to Watch
- Support: $1.140–$1.145
- Resistance: $1.155, then $1.17–$1.20
- Upside breakout: Above $1.20 opens $1.29–$1.30
- Until $1.155 and $1.17 are reclaimed, XRP remains in a breakout retest phase rather than a confirmed uptrend.
