Traders are cautious as buyers push XRP back toward resistance, but low volume leaves confirmation above $1.13-$1.14 pending.
By Shaurya Malwa Jul 7, 2026, 4:46 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP remains above crucial support at $1.11 following a significant pullback, but its inability to surpass the $1.14–$1.15 range indicates a lack of confirmed upward momentum.
- Spot XRP ETFs have seen net inflows for nine consecutive weeks, totaling $17.19 million, despite ongoing regulatory challenges, highlighting persistent institutional interest as the CLARITY Act experiences delays.
- Market participants are closely monitoring the key levels of $1.1110 on the downside and $1.14–$1.15 on the upside, with a decisive move above $1.15 potentially leading to a target range of $1.17–$1.20, while a drop below $1.1110 would shift focus back to $1.08.
XRP continues to attempt to convert last week's rebound into a more definitive breakout; however, it is struggling to gain momentum. After a notable decline towards $1.11, buyers intervened, pushing the token back toward resistance. Despite this, XRP has not maintained the necessary levels to affirm upward momentum, leaving traders to speculate whether the $1.13-$1.14 levels will serve as support or act as another barrier.
News Background
• XRP spot ETFs have recorded net inflows for nine weeks straight, adding $17.19 million amidst prevailing regulatory uncertainty.
• The CLARITY Act has faced delays after a planned Senate vote was canceled ahead of the congressional recess, removing a near-term catalyst for digital assets.
• Analysts are monitoring XRP's long-term descending trendline, with the $1.14-$1.18 area identified as the next critical zone for bulls to overcome.
• Technical analysts have noted improving patterns, such as bullish divergence since the $1.02 lows and a potential Elliott Wave formation, but these setups still require validation above resistance levels.
Price Action Summary
• XRP was trading around $1.1238 during the 24-hour period, managing to stay above the $1.11 support after a volatile drop.
• The token lagged behind CD5 by 143 basis points, indicating that the movement was not particularly asset-specific.
• Trading volume was 16.19% above the seven-day average, demonstrating some participation but insufficient to confirm a clear breakout.
• The highest activity occurred near the session low of $1.1110, where volume reached 106.5 million XRP, approximately 129% above the 24-hour average.
• Buyers later pushed XRP to $1.1507, but the rally could not maintain its position near the upper range.
Technical Analysis
• A significant development is that XRP defended the $1.11 support, yet it has not successfully turned the rebound into a sustained move above $1.13-$1.14.
• The prior breakout above $1.08 remains valid; however, the next upward movement requires stronger volume through resistance.
• The rejection at $1.1507 indicates that sellers remain active in the same range that has previously hindered recovery attempts.
• The hourly structure has weakened after XRP failed to maintain above $1.1308, retreating to $1.1249 and forming a lower-high pattern intraday.
• XRP is currently in a consolidation phase, oscillating between support near $1.11 and resistance in the $1.14-$1.15 range.
What Traders Should Watch
• $1.1110 is the crucial downside level after buyers successfully defended it during the session.
• $1.1249-$1.1270 serves as the immediate support zone following the latest intraday pullback.
• $1.1308-$1.1325 represents the initial resistance level that bulls need to reclaim.
• The $1.14-$1.15 area remains a significant challenge after multiple failed attempts to break through.
• A clear move above $1.15 would draw attention toward the $1.17-$1.20 range, while a decline below $1.1110 would undermine the recent recovery and put $1.08 back on the radar.
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