XRP up 2% as buyers push through $1.10 resistance
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Jul 10, 2026, 5:13 a.m.
2 min read
Summary
- XRP broke out of its recent tight range to clear resistance around $1.10 on strong volume and then held near session highs instead of retracing.
- Traders now view $1.10 as key support, with $1.0880 as the next downside level and $1.1065 to $1.13 as the near-term resistance zone if momentum continues.
- Analysts remain divided on the broader outlook, with some eyeing upside targets near $1.19 to $1.23 and others warning that a drop below $1.09 could reopen a deeper pullback.
XRP spent most of the session grinding inside a tight range before buyers finally forced the move above $1.10. The token pushed through resistance on a late volume spike, hit $1.1065 and then held near the highs rather than giving back the move. That turns $1.10 into the level traders now need to see defended.
News Background
• XRP continued to attract attention from analysts tracking steady fund inflows even as bitcoin and ether products saw outflows in some markets.
• The token has spent recent sessions consolidating above $1.08, with traders watching whether that base can support a stronger move toward $1.13.
• Analysts remain split on the larger setup, with some pointing to Elliott Wave targets near $1.19-$1.23 and others warning that a failure to hold $1.09 could reopen downside toward lower support zones.
• Ripple’s expanding European regulatory footprint remains a longer-term support for institutional interest, though the session’s move was driven mainly by technical levels and volume.
Price Action Summary
• XRP rose from $1.0827 to $1.1026 during the 24-hour session, gaining 1.8%.
• The token established higher lows through the session as buyers defended pullbacks near $1.0880.
• The main breakout came around 01:00 UTC, when volume jumped to 43.51 million XRP, about 88% above the 24-hour average.
• The move carried XRP to an intraday high of $1.1065 before price stabilized near $1.1020-$1.1040.
• A later 60-minute spike reached 14.17 million in volume, pushing XRP from $1.0958 to $1.1052 before profit-taking slowed the move.
Technical Analysis
• The key development is that XRP cleared the $1.0950-$1.1000 area after several sessions of range-bound trading.
• The breakout was supported by volume, which gives the move more weight than the earlier low-volume attempts above resistance.
• Higher lows through the session show buyers are stepping in earlier, with $1.0880 acting as the main support level during pullbacks.
• The post-breakout hold near $1.1020-$1.1040 is constructive because XRP did not immediately lose the $1.10 area after the spike.
• The next test is whether buyers can keep XRP above $1.10 long enough to challenge $1.1065 and then $1.13.
What traders should watch
• $1.10 is the immediate support level after the breakout.
• $1.0880 is the next level to watch if XRP slips back into its prior range.
• $1.1065 is the first resistance after marking the session high.
• $1.11 is the next psychological level, followed by $1.13 if momentum continues.
• A clean hold above $1.10 would keep the breakout structure intact, while a move back below $1.0880 would turn the session into another failed range breakout.
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