The $XRP price traded largely flat around the $1.10 level as capital flew into memecoins, outperforming the broader crypto market. Despite the muted price action, $XRP has quietly built a higher-low structure over the past month. The rising Open Interest and positive funding rates indicate traders continue to position for a potential breakout.
The token now trades just below a key resistance zone near $1.16, making the coming sessions critical. A decisive move above this level could pave the way for a retest of $1.25. Another rejection may keep $XRP confined within its current consolidation range.
$XRP Price Holds Along an Ascending Support
The $XRP price has formed an ascending triangle, which signals an impending breakout as price volatility continues to compress. While the pattern is constructive, bulls still need to prove themselves by pushing $XRP above the overhead resistance before the setup can be confirmed.
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