In the latest XRP market update, XRP is trading around $1.07, down 0.57% in the past 24 hours, as the token remains stuck below the key $1.10 resistance level. The price has failed to sustain a recovery attempt for three straight sessions, with sellers continuing to defend the area.

The market may appear quiet at first glance, but the underlying macro conditions and on-chain activity suggest a more complex setup. XRP’s next move will likely depend on whether buyers can push through the current resistance or whether the range breaks lower.

The Federal Reserve kept interest rates unchanged at 3.50%–3.75%, but Fed Chair Kevin Warsh’s hawkish post-meeting remarks kept pressure on risk assets. His comments reaffirming the Fed’s commitment to reaching the 2% inflation target reinforced a cautious market environment.

Despite the broader risk-off backdrop, Santiment data shows increased accumulation among mid-sized XRP holders. Wallets holding between 10,000 and 100,000 XRP now account for 11.9% of total supply, compared with 11.64% on July 1. Meanwhile, the 100,000 to 1 million XRP holder group increased its supply share to 11.75% over the same period.

Ripple also achieved a major regulatory milestone by receiving full MiCA Crypto-Asset Service Provider authorization in Europe this week. The approval could support greater institutional adoption of XRP-based payments across the European Union. At the same time, XRP perpetual futures open interest remains elevated at 2.27 billion XRP, just below the weekly high of 2.29 billion XRP.

The combination of a cautious Federal Reserve, technical resistance, and a major regulatory breakthrough creates a pivotal moment for XRP traders.

XRP Price Analysis: Can XRP Move Beyond $1.10?

XRP is currently trading near $1.07, below the Bollinger Band midpoint around $1.10 and under its major exponential moving averages.

The 50-day EMA at $1.13 aligns with the upper Bollinger Band near $1.14, creating a strong resistance zone that has repeatedly rejected upward moves. Higher levels, including the 100-day EMA at $1.21 and the 200-day EMA at $1.41, suggest the broader trend remains weak unless XRP can generate stronger momentum.

Technical indicators remain cautious. The daily RSI is positioned near 45, indicating neutral momentum with a slight bearish bias. The MACD remains slightly negative, showing that previous buying attempts are losing strength rather than signaling fresh accumulation. Lower trading volume and open interest compared with recent highs also reduce the chances of an immediate breakout.

The $1.00 level remains the critical support zone to watch. A daily close below this level would weaken the recovery narrative and suggest sellers are gaining control.

A high-volume breakout above $1.10, combined with rising open interest beyond 2.29 billion XRP and continued institutional demand following Ripple’s MiCA approval, could open the path toward $1.13–$1.14.

For now, XRP is likely to remain within a $1.05–$1.15 range as traders await ETF-related developments and potential exchange catalysts. A break below $1.00 would indicate stronger selling pressure and reduce the significance of recent accumulation by mid-sized XRP holders.