XRP has stalled around the $1.08 mark after hitting a cluster of resistance near $1.09-$1.10, shaped by the 50-day and 100-day moving averages that have repeatedly capped rallies this July. This technical zone now stands as a critical barrier, setting the stage for the next directional move.
Attempts to break out from an ascending triangle failed to trigger enough buying momentum, pushing XRP back below the previous breakout level. The inability to sustain gains underlines persistent selling pressure when prices approach these dynamic resistance points. Meanwhile, the 200-day moving average remains much higher, near $1.21, signaling that a longer-term uptrend is still out of reach.
After a sharp drop in June, XRP has managed to stabilize but lacks fresh inflows to fuel a sustained recovery. Traders are watching closely as this technical setup could dictate whether bulls can regain control or sellers will keep the asset confined within its current range.
This content is informational and does not constitute financial advice.
