coindesk.com
$XRP finally pushed through the $1.14 level that had capped recent attempts higher, but the move did not run cleanly into the next resistance band. Buyers drove the token as high as $1.158 on heavy volume before sellers forced a pullback toward $1.146, turning the session into a test of whether former resistance can now act as support.
News Background
• $XRP spot ETFs recorded a ninth consecutive week of net inflows, adding $17.19 million despite broader market uncertainty.
• The CLARITY Act missed its expected timeline after the Senate adjourned for recess without a floor vote, leaving regulatory catalysts delayed.
• Santiment data showed $XRP’s 30-day MVRV near -45% and 365-day MVRV near -47%, meaning most holders remained underwater across both shorter and longer timeframes.
• Several analysts pointed to improving technical structures, including a 4-hour downtrend break, bullish divergence and a possible Elliott Wave advance.
Price Action Summary
• $XRP rose from $1.1344 to $1.1454 during the 24-hour session, gaining 2.87%.
• The breakout came at 22:00 UTC on July 5, when volume reached 81.89 million $XRP, about 207% above the 24-hour average.
• The move carried $XRP from $1.1356 to $1.1594 in two hours, clearing resistance near $1.1400.
• Sellers later emerged near $1.158, pulling $XRP back toward $1.146 and breaking the short-term $1.150 support level.
Technical Analysis
• The key development is that $XRP cleared $1.1400 on strong volume, turning that level into the first support area to watch.
• The pullback from $1.158 does not erase the breakout, but it shows sellers remain active before the $1.17-$1.20 resistance zone.
• The 60-minute chart weakened after $XRP failed to reclaim $1.155, creating a tighter range between $1.145 and $1.151.
• The broader short-term structure remains constructive as long as $XRP holds above the breakout area near $1.14.
• A decisive loss of $1.145 would weaken the move and shift focus back toward $1.142 and then $1.133.
What traders should watch
• $1.1400-$1.145 is the key support zone after the breakout.
• $1.155 is the first resistance level after repeated failed reclaim attempts.
• $1.17-$1.20 is the next major zone bulls need to clear for continuation.
• A break above $1.20 would shift attention toward $1.29-$1.30, where prior breakdown levels sit.
• Until $XRP clears $1.155 and then $1.17, the market remains a breakout-test setup rather than a confirmed trend move.