• The main eruption came around 01:00 UTC, when volume jumped to 43.51 million XRP, about 88% above the 24-hour average.
• The move took XRP to an intraday high of $1.1065 before the price stabilized near $1.1020-$1.1040.
• A later 60-minute rally reached 14.17 million in volume, pushing XRP from $1.0958 to $1.1052, before profit-taking slowed the move.
Technical Analysis
• The key development is that XRP cleared the $1.0950-$1.1000 area after several sessions of range-bound trading.
• The breakout was supported by volume, giving the move more weight than the previous attempts at low volume above resistance.
• Higher lows throughout the session show buyers entering earlier, with $1.0880 serving as the primary support level during pullbacks.
• The stance after breakout near $1.1020-$1.1040 is constructive because XRP did not immediately lose the $1.10 area after the rally.
• The next test is whether buyers can hold XRP above $1.10 long enough to challenge $1.1065 and then $1.13.
What traders need to see
• $1.10 is the immediate support level after the breakout.
• $1.0880 is the next level to watch if XRP slips back to its previous range.
• $1.1065 is the first resistance after marking the session high.
• $1.11 is the next psychological level, followed by $1.13 if momentum continues.
