• Volume during this move reached 688,000 XRP, approx. 120% above the session average before the momentum faded.
• Earlier selling took XRP to a session low near $1.0742 after volume rose to 80.2 million, approx. 83% above the 24-hour average.
Technical Analysis
• The key development is that XRP continues to defend the $1.00-$1.05 support zone, which analysts say is consistent with longer-term moving averages and trendline support.
• The short-term chart remains weak despite the small bounce. Lower highs of $1.1133, $1.0993 and $1.0932 show that sellers are still limiting recovery attempts.
• XRP needs to hold above $1,088-$1,091 to create a cleaner move towards $1,093-$1,095.
• The larger setup remains a compression trade rather than a breakout. Monthly wedge and channel patterns may point to higher targets, but confirmation requires a sustained move above closer resistance first.
• Relative weakness to bitcoin remains a risk, with XRPBTC par-testing support near the 1,700 level.
What traders need to see
• $1.00-$1.05 remains the key support zone. Losing it would put $0.90 and then $0.80 back into focus.
• $1,088-$1,091 is the immediate resistance area after the latest breakout attempt is limited.
• $1.20-$1.25 is the next major zone where candlestick resistance and the 100-day moving average sit.
• A move above $1.40 would be the first stronger sign of XRP breaking out of its broader compression.
