Heavy volume pushed XRP above a key resistance level, but momentum faded near $1.16 as sellers re-entered, leaving the market to determine whether the breakout zone can now act as support.

XRP broke above the $1.14 level that had repeatedly capped upside attempts, but the rally stalled before extending into the next resistance area. Buyers drove price to roughly $1.158 on strong volume before profit-taking pulled it back toward $1.146, turning the move into a breakout retest.

News Background

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

Price Action Summary

• XRP rose from $1.1344 to $1.1454 over 24 hours, up 2.87%.
• A breakout occurred at 22:00 UTC on July 5, with volume spiking to 81.89 million XRP, about 207% above average.
• Price surged from $1.1356 to $1.1594 within two hours, clearing resistance near $1.1400.
• Sellers later emerged near $1.158, pulling XRP back toward $1.146 and briefly losing the $1.150 level.

Technical Outlook

• The break above $1.1400 on strong volume now converts that zone into near-term support.
• Rejection near $1.158 shows resistance remains active ahead of the $1.17–$1.20 region.
• On the 60-minute chart, failure to reclaim $1.155 has compressed price action into a $1.145–$1.151 range.
• The broader structure remains constructive as long as XRP holds above $1.14.
• A move below $1.145 would weaken momentum and expose $1.142 and $1.133.

Key Levels

• Support: $1.140–$1.145
• Resistance: $1.155, then $1.17–$1.20
• Upside trigger: Break above $1.20 opens $1.29–$1.30
• Until $1.155 and $1.17 are reclaimed, XRP remains in a breakout retest phase rather than a confirmed uptrend.