Buyers have defended a higher low, pushing XRP closer to short-term resistance, but a decisive break above $1.10 is needed to confirm upward momentum.
By Shaurya Malwa Jul 3, 2026, 5:29 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP is forming a higher price base above $1, maintaining support around $1.08 after last week's downturn, yet a confirmed breakout is still pending.
- Market activity has shown higher lows and increased volume, with buyers engaging even as the token struggled to surpass resistance near $1.1087.
- Recent increases in wallet creation and positive social sentiment have emerged, but XRP remains in a consolidation phase until it can sustain a climb above the $1.10–$1.12 range.
XRP is establishing a higher price foundation above $1 in the wake of last week's sell-off. The token made gains during the U.S. trading session, maintaining $1.08 through several tests and advancing toward $1.10 before selling pressure impeded further progress. This situation suggests a constructive setup, albeit one that remains incomplete, as traders are focused on whether the current accumulation leads to a definitive breakout.
News Background
• Daily wallet creation for XRP surged to 4,941, marking the highest single-day increase in 14 weeks.
• Bullish sentiment on social media reached a three-month peak, with positive remarks outnumbering negative ones by a ratio of 3.7 to 1.
• Ripple successfully executed its planned 1 billion XRP escrow release without causing significant price fluctuations.
• XRP’s price movement closely mirrored that of the broader cryptocurrency market, with minimal variance from CD5, indicating no major asset-specific triggers.
Price Action Summary
• XRP increased from $1.0611 to $1.0894 within the 24-hour period, marking a gain of 0.62%.
• The token established higher lows at $1.0552, $1.0589, and $1.0799, indicating that buyers are entering at progressively elevated levels.
• Trading volume rose by 26.92% compared to the seven-day average, suggesting consistent participation in the upward movement.
• The most significant activity occurred at 13:00 UTC, with volume hitting 117.5 million XRP, approximately 142% above the 24-hour average.
• XRP was unable to break through resistance at $1.1087 and later consolidated between $1.08 and $1.09 on reduced volume.
Technical Analysis
• A crucial development is XRP's retention of the $1.08 level after reclaiming it, establishing it as the immediate support zone for future movements.
• The formation of higher lows enhances the short-term chart, particularly following weeks of defensive trading around the $1 mark.
• Volume increased during the upward movement rather than the pullback, indicating active buying during the rise.
• The failure to surpass $1.1087 signifies that sellers are still defending this primary resistance area above the current price.
• XRP is currently in a consolidation stage until it can effectively break and sustain levels above $1.10-$1.12.
What traders should watch
• $1.08 is the immediate support level that bulls must protect.
• The next downside target is $1.0611 if $1.08 fails to hold.
• The resistance zone starts at $1.10-$1.1087, capping the latest upward movement.
• A clear break above $1.1087 could pave the way for a rise toward $1.12-$1.13.
• Until XRP surpasses $1.10, the market remains in a higher-base setup rather than signaling a confirmed breakout.
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