XRP’s spot demand surged to levels unseen since June, pushing the token price close to $1.14, where technical indicators warn of overbought conditions. The relative strength index (RSI) suggests that buyers might be stretching momentum, with the market facing critical resistance near $1.21 and solid support holding at $1.10. This tension sets the stage for a decisive move in the near term.
Traders are closely monitoring how XRP behaves around these thresholds. If it breaks through the $1.21 resistance, the token could attract fresh buying interest, while a drop below $1.10 might trigger sell-offs. The current scenario highlights the delicate balance between sustained demand and potential profit-taking.
