XRP is starting to build a higher base above $1 after last week’s selloff. The token surged higher through the US session, holding $1.08 on repeated tests and pushing towards $1.10 before sellers slowed the move. That keeps the setup constructive but still unfinished, with traders watching to see if the latest rally turns into a clean breakout.
News background
• XRP wallet creation increased to 4,941 daily addresses, the largest one-day growth in 14 weeks.
• Bullish social sentiment hit a three-month high, with positive comments outnumbering bearish by 3.7 to 1.
• Ripple completed its planned 1 billion XRP escrow lock without a meaningful price shock.
• XRP’s moves followed the broader crypto market closely, with idiosyncratic variance against CD5 staying well below the level that suggests a significant asset-specific catalyst.
Summary of price action
• XRP rose from $1.0611 to $1.0894 during the 24-hour session, gaining 0.62%.
• The token established higher lows of $1.0552, $1.0589 and $1.0799, showing buyers entering at progressively higher levels.
• Volume rose 26.92% above the seven-day average, indicating steady participation around the move.
• The strongest push came at 13:00 UTC, when volume reached 117.5 million XRP, about 142% above the 24-hour average.
