Overview
- XRP is trading around $1.09 and is testing the $1.05–$1.07 demand zone with immediate direction hinging on whether it can close above the $1.10–$1.12 neckline.
- Technical analysts identify a developing inverse head-and-shoulders on the daily chart with the head near $1.05–$1.07 and layered resistance at $1.15 and $1.18–$1.20 if the neckline is cleared.
- A weekly MACD momentum reset on XRP dominance was flagged by analyst Bird on July 19 and that same signal preceded two prior rallies, suggesting a return of relative momentum could be sharp if buyers follow through.
- Momentum and breadth remain weak because XRP trades below the 20/50/100/200-day moving averages and the 14-day RSI sits near 34, so any breakout will need clear volume and follow-through to be credible.
- Structural supply factors including shrinking exchange reserves and weeks of spot ETF accumulation are tightening float and will help determine whether a confirmed breakout reaches $1.25–$1.35 or stalls and drops below $1.06.