XRP finally broke through the $1.14 level that had capped recent attempts higher, but the move did not play out cleanly into the next resistance band. Buyers pushed the token as high as $1.158 on heavy volume before sellers forced a pullback towards $1.146, turning the session into a test of whether former resistance can now act as support.
News context
• Spot XRP ETFs recorded a ninth consecutive week of net inflows, adding $17.19 million despite broader market uncertainty.
• The CLARITY Act failed to meet its planned timeline after the Senate adjourned without a floor vote, delaying regulatory enablers.
• Santiment data showed XRP’s 30-day MVRV near -45% and 365-day MVRV near -47%, meaning most holders remained underwater for shorter and longer periods.
• Several analysts highlighted improving technical structures, including a 4-hour downtrend breakout, bullish divergence, and possible Elliott wave progression.
Price Action Summary
• XRP rose from $1.1344 to $1.1454 during the 24-hour session, gaining 2.87%.
• The breakout occurred at 22:00 UTC on July 5, when volume reached 81.89 million XRP, approximately 207% above the 24-hour average.
• This move took XRP from $1.1356 to $1.1594 in two hours, clearing resistance near $1.1400.
