XRP nears key resistance as analysts forecast rally to $1.20‑$1.30

Technical analysis shows XRP breaking a year‑long descending trend line, with the token trading around $1.10–$1.12. Analysts note that a daily close above $1.18 would clear the February support band (US$1.12‑$1.18) and could open the path toward $1.20‑$1.30, while a break below $1.00 would reopen lower targets.

Cost‑basis data from Glassnode indicate that many investors who bought 6–12 months ago face average entry prices near $2.22, well above the current $1.08 spot. The aggregate realized price sits at $1.36, and unrealized‑profit‑loss metrics remain negative. Funding rates on XRP perpetual contracts are split between short‑biased and long‑biased venues, reflecting a divided market sentiment.

Macro factors such as recent U.S. inflation data, which eased expectations of further interest‑rate hikes, have added bullish pressure. On‑chain signals show record transaction volume and rising whale activity, while regulatory developments like the pending CLARITY Act are being watched as potential catalysts for institutional adoption.