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. Buyers drove the token as high as $1.158 on heavy volume before sellers forced a pullback toward $1.146, turning the session into a test of whether former resistance can now act as support.
• 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.
• Santiment data showed XRP’s 30-day MVRV near -45% and 365-day MVRV near -47%, meaning most holders remained underwater across both shorter and longer timeframes.
• Several analysts pointed to improving technical structures, including a 4-hour downtrend break, bullish divergence and a possible Elliott Wave advance.
• XRP rose from $1.1344 to $1.1454 during the 24-hour session, gaining 2.87%.
• The breakout came at 22:00 UTC on July 5, when volume reached 81.89 million XRP, about 207% above the 24-hour average.
• 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 key development is that XRP cleared $1.1400 on strong volume, turning that level into the first support area to watch.
• The pullback from $1.158 does not erase the breakout, but it shows sellers remain active before the $1.17-$1.20 resistance zone.
• The 60-minute chart weakened after XRP failed to reclaim $1.155, creating a tighter range between $1.145 and $1.151.
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