XRP has maintained its position within the $1.00-$1.05 support range, but the immediate chart indicates it is constrained below resistance as analysts observe larger wedge and channel formations.
By Shaurya Malwa Jul 9, 2026, 5:07 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- XRP is trading within a tight range around $1.09, with buyers supporting the $1.00 to $1.05 zone while sellers restrict movements below nearby resistance.
- Chart analysts indicate that a long-term falling wedge and an ascending channel are still valid as long as XRP stays above $1.00 to $1.05, but reaching targets as high as $3.65 requires a confirmed breakout that is yet to happen.
- Until XRP surpasses the near-term resistance levels of $1.088 to $1.091 and then breaks through the $1.20 to $1.25 range, the trading scenario is expected to remain focused on defense rather than a breakout.
XRP continues to hover around $1.09, as traders speculate whether this stable range is setting the stage for a significant breakout. Buyers are actively defending the $1.00-$1.05 support level, while sellers have kept the price below short-term resistance, resulting in a market confined between a persistent support area and a downtrend that still needs to be overcome.
News Background
• XRP has been trading without a decisive fundamental trigger, leading to a focus on technical levels for most of the trading session.
• Analysts highlighted that as long as XRP remains above the $1.00-$1.05 support range, the long-term falling wedge and ascending channel structures are still in play.
• Numerous chartists have set potential upside targets between $2.20 and previous all-time highs of around $3.65, contingent on XRP breaking out of its longer-term downtrend.
• More ambitious Fibonacci projections suggest targets of $4.10, $7.60, and $11.80; however, these targets necessitate a confirmed breakout that has yet to occur.
Price Action Summary
• XRP fluctuated from $1.0890 to $1.0900 during early Tuesday trading, remaining locked within a narrow near-term range.
• The token attempted to break through $1.088 resistance during a breakout attempt at 23:44 UTC.
• The trading volume during this attempt reached 688,000 XRP, about 120% above the average for the session, before momentum began to wane.
• Earlier selling pressure drove XRP down to a session low of approximately $1.0742, with volume spiking to 80.2 million, around 83% higher than the 24-hour average.
Technical Analysis
• A critical aspect is that XRP successfully defends the $1.00-$1.05 support range, which analysts note aligns with longer-term moving average and trendline support levels.
• Despite a minor bounce, the immediate chart remains weak, as lower highs at $1.1133, $1.0993, and $1.0932 indicate that sellers are still limiting recovery attempts.
• XRP needs to maintain a position above $1.088-$1.091 to facilitate a clearer move towards the $1.093-$1.095 range.
• The broader setup appears to be a compression trade rather than a breakout. Monthly wedge and channel patterns may suggest higher targets, but confirmation requires a sustained move beyond nearby resistance first.
• There is a risk of relative weakness against bitcoin, with the XRPBTC pair testing support near 1,700 sats.
What Traders Should Watch
• The $1.00-$1.05 area remains crucial support. A breach of this level could bring attention back to $0.90 and $0.80.
• The immediate resistance zone is between $1.088-$1.091, which capped the recent breakout attempt.
• The next significant area of resistance is at $1.20-$1.25, which coincides with candle resistance and the 100-day moving average.
• A move above $1.40 would signal a stronger indication that XRP is breaking out of its broader compression.
• Until XRP surpasses near-term resistance, the market is likely to remain focused on support defense, with long-term breakout targets still unverified.
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Why it matters:
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
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