• The main breakout occurred around 01:00 UTC, when volume surged to 43.51 million XRP, approximately 88% above the 24-hour average.
• The move took XRP to an intraday high of $1.1065 before the price stabilized between $1.1020 and $1.1040.
• A subsequent 60-minute peak reached 14.17 million in volume, pushing XRP from $1.0958 to $1.1052 before profit-taking slowed the move.
Technical analysis
• The key development is that XRP broke through the $1.0950 to $1.1000 zone after several limited trading sessions.
• The breakout was supported by volume, giving the move more weight than previous low volume attempts above resistance.
• Higher lows throughout the session show buyers are stepping in earlier, with $1.0880 acting as the main support level on pullbacks.
• Holding after the breakout between $1.1020 and $1.1040 is constructive as XRP did not immediately lose the $1.10 zone after the peak.
• The next test is whether buyers can hold XRP above $1.10 long enough to challenge $1.1065 and then $1.13.
What traders should watch out for
• $1.10 is the immediate support level after the breakout.
• $1.0880 is the next level to watch if XRP returns to its previous range.
• $1.1065 is the first resistance after marking the session high.
• $1.11 is the next psychological level, followed by $1.13 if momentum continues.
