• Volume during that move reached 688,000 XRP, about 120% above the session average, before the momentum faded.
• Earlier selling took XRP to a session low near $1.0742 after volume surged to 80.2 million, about 83% above the 24-hour average.
Technical analysis
• The key development is that XRP continues to defend the $1.00-$1.05 support zone, which analysts say aligns with the long-term moving average and trendline support.
• The short-term chart remains weak despite the small bounce. The lower highs of $1.1133, $1.0993, and $1.0932 show that sellers are still limiting recovery attempts.
• XRP needs to hold above $1,088-$1,091 for a cleaner move towards $1,093-$1,095.
• The broader setup is still a squeeze trade rather than a breakout. Monthly wedge and channel patterns can point to higher targets, but confirmation first requires a sustained move above the nearest resistance.
• Relative weakness against bitcoin remains a risk, with the XRPBTC pair testing support near 1,700 sats.
What traders should keep in mind
• Between $1.00 and $1.05 remains the key support zone. Losing it would bring the focus back to $0.90 and then $0.80.
• $1,088-$1,091 is the immediate resistance area after capping the latest breakout attempt.
• $1.20-$1.25 is the next important zone, where the candlestick resistance and the 100-day moving average are located.
• A move above $1.40 would be the first strongest sign that XRP is breaking out of its broader compression.
