In the latest XRP update, XRP is trading near $1.07, slipping 0.57% over the past day as the token continues to face strong resistance around the $1.10 mark. The level has prevented the asset from sustaining a recovery for three consecutive sessions.
While the price movement appears calm on the surface, the broader market backdrop and on-chain activity reveal a more complex situation. The next major move will likely depend on whether XRP can break above its current range or experience another pullback as key market drivers evolve.
The Federal Reserve left interest rates unchanged between 3.50% and 3.75%, but Fed Chair Kevin Warsh’s hawkish remarks following the decision added pressure to risk assets. His comments emphasizing the Fed’s commitment to reaching the 2% inflation goal reinforced cautious sentiment across financial markets.
Despite the challenging macro environment, on-chain data from Santiment shows growing accumulation among mid-sized XRP holders. Wallets holding 10,000 to 100,000 XRP increased their share of the total supply to 11.9%, compared with 11.64% on July 1. Meanwhile, holders with 100,000 to 1 million XRP raised their supply share to 11.75% during the same period.
Ripple also reached a major regulatory milestone by securing full MiCA Crypto-Asset Service Provider approval in Europe, potentially supporting greater institutional XRP payment adoption across the European Union. At the same time, XRP perpetual futures open interest remains elevated at 2.27 billion XRP, just below this week’s peak of 2.29 billion XRP.
The mix of a hawkish Fed, technical resistance near $1.10, and a significant regulatory development creates a crucial moment for XRP traders.
XRP Price Prediction: Can XRP Overcome the $1.10 Barrier?
XRP is currently trading at $1.07, below the Bollinger Band midpoint near $1.10 and underneath its major exponential moving averages.
The 50-day EMA at $1.13 and the upper Bollinger Band near $1.14 form a strong resistance cluster that has rejected previous attempts higher. Above that, the 100-day EMA at $1.21 and the 200-day EMA at $1.41 indicate that the broader market structure remains tilted toward the downside. Those levels would only come into focus if XRP gains stronger short-term momentum.
Technical indicators remain mixed. The daily RSI sits around 45, suggesting neutral momentum with a slight bearish tilt. The MACD remains marginally negative, indicating that previous bullish momentum is weakening rather than showing signs of fresh buying demand. Trading volume and open interest also remain below recent highs, reducing the likelihood of an immediate breakout.
The $1.00 level remains the key support area to monitor. A daily close below this threshold would weaken the current recovery outlook and signal that sellers are taking control.
A combination of stronger institutional demand following MiCA approval, open interest moving beyond 2.29 billion XRP, and a high-volume break above $1.10 could push XRP toward the $1.13–$1.14 resistance zone.
Until then, XRP is likely to remain range-bound between $1.05 and $1.15 as traders wait for ETF-related updates and possible exchange listing catalysts. A breakdown below $1.00 would suggest increased selling pressure and reduce the impact of recent accumulation trends among mid-sized XRP holders.
