XRP Gains 3% as $1.14 Level Shifts Into Key Support Zone

Heavy trading volume drove XRP above a key resistance level, but momentum stalled around $1.16 as sellers stepped in, leaving the market to determine whether the former ceiling can now function as support.

XRP broke through the $1.14 barrier that had recently capped upside moves, but the advance failed to extend smoothly into higher resistance levels. Buyers pushed the token to a peak near $1.158 on strong volume before profit-taking triggered a pullback toward $1.146, turning the session into a classic retest of breakout strength.

News Background

XRP spot ETFs recorded a ninth straight week of inflows, totaling $17.19 million despite ongoing market uncertainty.
The CLARITY Act missed its anticipated timeline after the Senate adjourned without a floor vote, delaying regulatory progress.
Santiment data shows XRP’s 30-day MVRV near -45% and 365-day MVRV around -47%, indicating most holders remain significantly underwater.
Analysts continue to point to improving technical signals, including a 4-hour trend break, bullish divergence, and a potential Elliott Wave structure.

Price Action Summary

XRP climbed from $1.1344 to $1.1454 over the 24-hour period, a gain of about 2.87%.
A breakout occurred at 22:00 UTC on July 5, with volume surging to 81.89 million XRP, roughly 207% above the daily average.
The move carried price from $1.1356 to $1.1594 within two hours, clearing resistance near $1.1400.
Sellers re-entered near $1.158, pushing XRP back toward $1.146 and briefly breaking the short-term $1.150 level.

Technical Analysis

The key development is the decisive break above $1.1400 on elevated volume, now acting as the first major support zone.
The rejection from $1.158 does not invalidate the breakout, but it confirms selling pressure remains active below the $1.17–$1.20 region.
On the 60-minute chart, failure to reclaim $1.155 has compressed price action into a narrower $1.145–$1.151 range.
The broader short-term structure remains positive as long as XRP holds above the $1.14 breakout area.
A sustained break below $1.145 would weaken momentum and expose downside levels near $1.142 and $1.133.

What traders are watching

$1.140–$1.145 now serves as the critical support zone post-breakout.
$1.155 is the first resistance level after repeated failed attempts to reclaim it.
$1.17–$1.20 remains the key upside zone for continuation.
A breakout above $1.20 would open the path toward $1.29–$1.30.
Until $1.155 and then $1.17 are cleared, XRP remains in a breakout retest phase rather than a confirmed uptrend.