A surge in trading volume late in the session propelled XRP past its recent resistance, leading traders to monitor if $1.10 will act as a support level.
By Shaurya Malwa Jul 10, 2026, 5:13 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP successfully broke through its recent tight trading range, surpassing the resistance at $1.10 on significant volume and maintaining its position near the session's highs.
- Traders now see $1.10 as a crucial support level, with $1.0880 being the next potential downside target and $1.1065 to $1.13 as immediate resistance if the upward momentum continues.
- Opinions among analysts are mixed regarding the overall market outlook, with some forecasting targets near $1.19 to $1.23, while others caution that a drop below $1.09 could lead to a more significant decline.
XRP was largely confined within a narrow trading range until buyers managed to push it above $1.10. The token experienced a notable volume increase late in the session, reaching $1.1065 before stabilizing close to this level, indicating that $1.10 is now a critical support point for traders.
News Background
• XRP has garnered attention from analysts due to consistent fund inflows, even as bitcoin and ether products faced outflows in various markets.
• The token has been consolidating above $1.08 recently, with traders monitoring whether this level can support a move towards $1.13.
• Analysts remain divided on the larger market dynamics, with some targeting Elliott Wave levels around $1.19 to $1.23, while others warn that failing to hold above $1.09 may lead to a retreat to lower support areas.
• Ripple’s growing presence in European regulations continues to bolster institutional interest, although the recent price movement was predominantly influenced by technical factors and trading volume.
Price Action Summary
• XRP increased from $1.0827 to $1.1026 over the 24-hour period, marking a 1.8% rise.
• Throughout the session, the token established higher lows as buyers defended levels near $1.0880.
• The significant breakout occurred around 01:00 UTC, when trading volume surged to 43.51 million XRP, approximately 88% above the daily average.
• This movement elevated XRP to an intraday peak of $1.1065, with prices later stabilizing around $1.1020-$1.1040.
• A subsequent spike in volume reached 14.17 million, pushing XRP from $1.0958 to $1.1052, although profit-taking eventually tempered the rise.
Technical Analysis
• A notable development is XRP's breach of the $1.0950-$1.1000 range after several sessions of sideways trading.
• The breakout was reinforced by significant trading volume, adding credibility to the move compared to previous low-volume attempts to break resistance.
• The establishment of higher lows throughout the session indicates proactive buying, with $1.0880 serving as the primary support during pullbacks.
• The retention of price near $1.1020-$1.1040 following the breakout is a positive sign, as XRP did not immediately fall back below the $1.10 threshold after the spike.
• The next challenge will be whether buyers can maintain XRP above $1.10 long enough to test $1.1065 and subsequently $1.13.
What traders should watch
• The immediate support level to monitor after the breakout is $1.10.
• If XRP retraces, $1.0880 will be the next critical level to observe.
• The first resistance to look for after marking the session high is $1.1065.
• Following that, $1.11 is a key psychological level, with $1.13 as the next target if momentum persists.
• A firm hold above $1.10 would maintain the integrity of the breakout, while a drop below $1.0880 could indicate another failed breakout attempt.