XRP Holds Above $1 as Traders Eye Breakout Past $1.10 Resistance
XRP is trading around $1.07‑$1.08, staying above the $1.00 psychological level but below its 50‑day, 100‑day and 200‑day moving averages. The token faces a key resistance zone between $1.09 and $1.12, while support sits near $1.04‑$1.05. Volume remains muted and whale activity on Binance has dropped sharply, with both deposits and withdrawals at multi‑year lows, indicating reduced selling pressure and seller exhaustion.
On‑chain data show a surge in exchange withdrawals and a decline in inflows, suggesting holders are moving coins to private wallets. A short‑liquidation cluster above $1.10 could amplify buying pressure if the price breaks higher. Analysts note that a close above the resistance could trigger forced short liquidations and open the path toward $1.20, whereas a break below $1.04 could push XRP toward $0.93.
Regulatory developments, notably progress on the U.S. CLARITY Act, are cited as a tailwind for sentiment. Parallel market activity includes BlockDAG’s upcoming staking launch and Binance Coin’s resilience, but XRP remains the focal point of the technical and on‑chain narrative.
Entities: Binance · Binance Coin · Bitcoin · BlockDAG · BlockDAG · CLARITY Act · Coinglass · CryptoQuant · Ripple Labs Inc. · TradingView · XRP · XRP
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Support around $1.04‑$1.05 is critical for XRP. (chart analysis)
- [○ 1 SOURCE] Short liquidation clusters are building above the $1.10‑$1.12 resistance zone. (derivatives data)
- [● 3 SOURCES] A breakout above $1.12 is seen as the next test for a bullish rally. (analyst commentary)
- [● 2 SOURCES] Average monthly Binance inflows fell to about 3.6 million XRP, the lowest on record. (CryptoQuant data)
- [● 2 SOURCES] Binance whale transfers of XRP have dropped sharply across major size bands. (on-chain data from CryptoQuant)
- [● 3 SOURCES] XRP's RSI is below the neutral 50 level, around 46 or low 30s. (technical indicators)
- [● 4 SOURCES] XRP faces key resistance between $1.09 and $1.10. (technical analysis)
- [● 4 SOURCES] XRP price is trading around $1.07‑$1.08. (multiple sources)
- [● 2 SOURCES] XRP is below its 50‑day and 100‑day moving averages, which are near $1.09‑$1.10. (9cf0f34c-0c6c-4d73-9029-d23244c39f07, c384a60e-fa04-4112-8abf-cfac556d5372)
- [● 2 SOURCES] Whale transfers on Binance have dropped sharply, with monthly inflows falling to about 3.6 million XRP, the lowest on record. (c09466e9-4bfa-458e-9fc1-fe642e081d66, 18bce8f4-0a98-4e7e-8339-3c59e47a05cc)
- [● 2 SOURCES] Support for XRP is around $1.04‑$1.05. (c09466e9-4bfa-458e-9fc1-fe642e081d66, 18bce8f4-0a98-4e7e-8339-3c59e47a05cc)
- [● 2 SOURCES] Key resistance for XRP is between $1.09 and $1.10 (short‑liquidation zone up to $1.12). (cb970c0d-5c32-4662-a695-3018bf9cad79, c384a60e-fa04-4112-8abf-cfac556d5372)