XRP breaks $1.10 resistance on late-session volume surge
In brief
- XRP rose 1.8% to $1.1026 from $1.0827 during the 24-hour session
- Late-session volume spike of 43.51M XRP at 01:00 UTC exceeded 24-hour average by 88%
- Token broke $1.10 resistance and reached intraday high of $1.1065
- Traders monitoring $1.10 support level for potential move toward $1.13 or higher
- Elliott Wave targets near $1.19–$1.23 cited by analysts; failure below $1.09 risks downside retest
Volume-Driven Move
XRP broke through $1.10 resistance on a late-session volume spike, reaching an intraday high of $1.1065. The main breakout occurred around 01:00 UTC when volume jumped to 43.51 million XRP, approximately 88% above the 24-hour average. A 60-minute spike reached 14.17 million XRP, pushing the token from $1.0958 to $1.1052 before profit-taking slowed the move.
XRP established higher lows through the session as buyers defended pullbacks near $1.0880. The structure suggests conviction behind the move. That turns $1.10 into the level traders now need to see defended.
What's Next
XRP had been consolidating above $1.08 in recent sessions, with traders watching whether that base could support a move toward $1.13. Some analysts pointed to Elliott Wave targets near $1.19-$1.23, while others warned that failure to hold $1.09 could reopen downside toward lower support zones.
XRP continued to attract attention from analysts tracking steady fund inflows even as bitcoin and ether products saw outflows in some markets. Ripple's expanding European regulatory footprint remains a longer-term support for institutional interest, though the session move itself was driven by shorter-term technical flow.
