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Key Takeaways
- XRP rose 2.67% to $1.0894, forming a pattern of higher lows and holding $1.08 as support.
- The token failed to clear resistance at $1.1087, leaving it in a consolidation phase between $1.08 and $1.10.
- Wallet creation hit a 14-week high and bullish sentiment reached a three-month high, with Ripple’s scheduled 1 billion XRP unlock causing no price shock.
XRP is building a higher price base above $1 following last week’s sell-off, though the token has yet to confirm a breakout. The asset edged higher through the U.S. session, held $1.08 on repeated tests, and pushed toward $1.10 before sellers slowed the advance, leaving the setup constructive but unresolved.
Price Action Shows Higher Lows
XRP rose from $1.0611 to $1.0894 over the 24-hour session, a gain of 2.67%. The token established a sequence of higher lows at $1.0552, $1.0589, and $1.0799, showing buyers stepping in at progressively higher levels through the advance.
Trading volume rose 26.92% above the seven-day average, according to CoinGecko data. The strongest push came at 13:00 UTC, when volume reached 117.5 million XRP, about 142% above the 24-hour average. XRP failed to clear resistance at $1.1087 and later consolidated between $1.08 and $1.09 on lighter volume.
Chart Structure Improves, but Resistance Holds
The token’s ability to hold $1.08 after reclaiming the level has turned it into the immediate support zone for the next move. The higher-low pattern marks an improvement in the short-term chart after weeks of defensive trading around $1.
Volume expanded during the advance rather than the pullback, a pattern traders often read as active buying rather than short covering. Still, the failure near $1.1087 leaves sellers continuing to defend the first major resistance zone above spot, and the token remains in a consolidation phase until it can break and hold above the $1.10 to $1.12 range.
Network Activity and Sentiment Strengthen
Wallet creation for XRP rose to 4,941 daily addresses, the strongest single-day growth in 14 weeks. Bullish social sentiment reached a three-month high, with positive comments outnumbering bearish ones by a ratio of 3.7 to 1.
Ripple also completed its scheduled unlock of 1 billion XRP from escrow without a meaningful price shock. XRP’s move tracked the broader crypto market closely during the session, with its price movement closely tracking the broader market rather than reflecting an asset-specific catalyst.
Levels Traders Are Watching
The $1.08 level stands as the immediate support bulls need to defend. A failure there would put $1.0611 back in focus as the next downside level.
On the upside, the $1.10 to $1.1087 zone remains the first resistance area after capping the latest advance. A clean move above $1.1087 would open a path toward $1.12 to $1.13. Until XRP clears $1.10 on a sustained basis, the setup remains a higher-base pattern rather than a confirmed breakout.
