XRP is starting to build a higher base above $1 following last week’s sell-off. The token rose during the US session, holding at $1.08 on repeated tests and advancing towards $1.10 before sellers slowed the move. That keeps the setup constructive, but still inconclusive, with traders watching to see if the latest build-up turns into a clean breakout.
News background
• XRP wallet creation increased to 4,941 daily addresses, the highest single-day growth in 14 weeks.
• Bullish social sentiment hit a three-month high, with positive comments outnumbering bearish ones by 3.7 to 1.
• Ripple completed its scheduled 1 billion XRP escrow unlock without a significant price impact.
• The XRP move closely tracked the broader crypto market, with an idiosyncratic move against CD5 remaining well below the level that would suggest a major asset-specific catalyst.
Price Action Summary
• XRP rose from $1.0611 to $1.0894 during the 24-hour session, gaining 0.62%.
• The token set higher lows at $1.0552, $1.0589, and $1.0799, showing that buyers stepped in at progressively higher levels.
• Volume increased 26.92% above the seven-day average, pointing to steady participation around the move.
• The strongest momentum came at 13:00 UTC, when volume reached 117.5 million XRP, about 142% above the 24-hour average.
