XRP is starting to build a higher base above $1 after last week’s sell-off. The token rose slightly during the US session, held at $1.08 during repeated tests and pushed towards $1.10 before sellers slowed their movement. This keeps the pattern constructive, but still unfinished, with traders watching to see if the latest buildup turns into a clean breakout.
News context
• XRP wallet creation reached 4,941 daily addresses, the largest one-day growth in 14 weeks.
• Bullish social sentiment reached its highest level in three months, with positive comments outnumbering bearish comments 3.7 times.
• Ripple completed the planned release of 1 billion XRP without a significant price shock.
• XRP’s move closely tracked the broader crypto market, with idiosyncratic variance relative to CD5 remaining well below the level that would suggest a major asset-specific catalyst.
Price Action Summary
• XRP rose from $1.0611 to $1.0894 during the 24-hour session, gaining 0.62%.
• The token established higher lows at $1.0552, $1.0589, and $1.0799, showing that buyers intervened at progressively higher levels.
• Volume increased 26.92% above the seven-day average, indicating stable participation around the move.
• The strongest surge occurred at 1:00 p.m. UTC, when volume reached 117.5 million XRP, approximately 142% above the 24-hour average.
