XRP is maintaining its position near $1.10 as traders closely monitor potential breakout patterns. Recent trading saw volume spike to 688,000 XRP, 120% above the session average, before momentum waned. Earlier, XRP dipped to a session low of $1.0742 with volume reaching 80.2 million, 83% above the 24-hour average.
Technical analysis indicates that XRP is defending the $1.00-$1.05 support zone, aligning with long-term moving averages and trendline support. Despite a minor rebound, the near-term chart remains weak, with lower highs at $1.1133, $1.0993, and $1.0932 suggesting continued selling pressure. Traders are watching for XRP to hold above $1.088-$1.091 to potentially move towards $1.093-$1.095, while a sustained move above $1.40 could signal a breakout from its broader compression pattern.
XRP Holds Steady Near $1.10 Amid Long-Term Breakout Speculation
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