• Volume during this move reached 688,000 XRP, approximately 120% above the session average, before the momentum fizzled.
• Earlier selling took XRP to a session low near $1.0742 after volume reached 80.2 million, approximately 83% above the 24-hour average.
Technical analysis
• The key development is that XRP continues to defend the $1.00-$1.05 support zone, which analysts believe aligns with the long-term moving average and trendline support.
• The short-term chart remains weak despite the slight rebound. Lower highs at $1.1133, $1.0993, and $1.0932 show that sellers continue to cap recovery attempts.
• XRP needs to hold above $1.088 to $1.091 to build a sharper move towards $1.093 to $1.095.
• The broader pattern remains a squeeze trade rather than a breakout. Monthly wedge and channel patterns may indicate higher targets, but confirmation first requires a sustained move above closer resistance.
• Relative weakness against Bitcoin remains a risk, with XRPBTC pair testing support near 1,700 sats.
What traders should watch out for
• $1.00 to $1.05 remains the key support zone. Losing it would put $0.90, then $0.80, back in focus.
• $1.088-$1.091 is the immediate resistance zone after the last breakout attempt plateaus.
• $1.20-$1.25 is the next major area, where candle resistance and the 100-day moving average are located.
• A move above $1.40 would be the first stronger sign that XRP is breaking out of its broader squeeze.
