XRP bulls defend higher lows as token approaches $1.10 resistance
In brief
- XRP climbed from $1.0611 to $1.0894 on volume 26.92% above seven-day average.
- Higher lows at $1.0552, $1.0589, and $1.0799 signal sustained buyer participation.
- Wallet creation hit 4,941 daily addresses—strongest 14-week growth amid three-month bullish sentiment high.
- XRP consolidated between $1.08–$1.09 after failing to clear $1.1087 resistance level.
- Ripple's 1 billion XRP escrow unlock passed without triggering meaningful price shock.
Higher lows signal shifting momentum
XRP established higher lows at $1.0552, $1.0589, and $1.0799, showing buyers stepped in at progressively higher levels. This pattern represents a meaningful shift after weeks of defensive trading around $1. The token held $1.08 on repeated tests and pushed toward $1.10 before sellers slowed the advance, then reclaimed that level to turn it into the immediate support zone for the next move.
Volume rose 26.92% above the seven-day average, pointing to 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. Volume expanded during the advance rather than the pullback, suggesting buyers were active during the push higher.
On-chain and social signals align
XRP wallet creation rose to 4,941 daily addresses, the strongest single-day growth in 14 weeks. Bullish social sentiment reached a three-month high, with positive comments outnumbering bearish ones by 3.7 to 1. These signals suggest growing conviction among holders and new participants.
Ripple completed its scheduled 1 billion XRP escrow unlock without a meaningful price shock, allowing the advance to proceed unimpeded. XRP's move tracked the broader crypto market closely, with idiosyncratic variance staying well below levels that would suggest a major asset-specific catalyst.
Path forward hinges on $1.10
XRP failed to clear resistance at $1.1087 and later consolidated between $1.08 and $1.09 on lighter volume. The failure shows sellers are still defending the first major resistance zone above spot. Until XRP clears $1.10, the market remains a higher-base setup rather than a confirmed breakout.
A clean move above $1.1087 would open the path toward $1.12–$1.13. For now, $1.08 is the immediate support level bulls need to defend. XRP is starting to build a higher base above $1 following last week's sell-off, but momentum hinges on whether buyers can sustain a push through the $1.10–$1.12 band.
