XRP rises 3% as $1.14 breakout turns into support test
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XRP finally pushed through the $1.14 level that had capped recent attempts higher, but the move did not run cleanly into the next resistance band.
Key facts
XRP rose from $1.1344 to $1.1454 during the 24-hour session, gaining 2.87%
The move carried XRP from $1.1356 to $1.1594 in two hours, clearing resistance near $1.1400
Sellers later emerged near $1.158, pulling XRP back toward $1.146 and breaking the short-term $1.150 support level
The 60-minute chart weakened after XRP failed to reclaim $1.155, creating a tighter range between $1.145 and $1.151
Summary
Despite a ninth straight week of net inflows into XRP spot ETFs, most holders remain underwater, with 30-day and 365-day MVRV near minus 45% and minus 47%. Traders are watching support at $1.14 to $1.145 and resistance at $1.155 and then $1.17 to $1.20 to determine whether the move becomes a sustained uptrend. XRP finally pushed through the $1.14 level that had capped recent attempts higher, but the move did not run cleanly into the next resistance band. • XRP spot ETFs recorded a ninth consecutive week of net inflows, adding $17.19 million despite broader market uncertainty. • The CLARITY Act missed its expected timeline after the Senate adjourned for recess without a floor vote, leaving regulatory catalysts delayed.