XRP tests US$1.07 resistance again
- XRP rebounded nearly 5% to test the US$1.07–1.08 resistance zone after stronger network activity and Ripple's XRPL Lending Protocol announcement.
- On-chain data showed rising active addresses, new wallet creation and declining exchange balances during the recovery.
- Analysts said XRP must break above US$1.09 to improve the short-term outlook, while failure could see the token retest US$1.03 and US$1.00 support.
XRP (CRYPTO:XRP) climbed nearly 5% from about US$1.03 to an intraday high near US$1.08, returning to the US$1.07–1.08 resistance zone that repeatedly halted rallies during June.
The recovery followed Ripple's announcement of its institutional-focused XRPL Lending Protocol and its monthly escrow release, which unlocked 300 million XRP while keeping 700 million XRP locked, reducing immediate supply concerns.
The market analysis included a quote from analyst ChartNerd, who said, “Relief is possible from this US$1.00 low but the overall trend remains down for now.”
On-chain data showed daily active XRP Ledger addresses increased by more than 72%, new wallet creation reached a three-month high and exchange balances continued falling as more tokens moved into self-custody, while technical indicators showed short-term momentum improving despite the broader downtrend.
Analysts said XRP must close above the US$1.09 resistance area to strengthen the recovery towards US$1.11 and US$1.15, while following the market update the XRP price was unchanged at the time of writing.
CoinGlass data identified a large concentration of short liquidations between US$1.08 and US$1.10, suggesting a breakout above that range could accelerate buying, while long liquidation clusters remain near US$1.03 and US$1.02 if the rally fails.
Despite the recent rebound, XRP remains about 70% below its July 2025 peak near US$3.66, with analysts noting that reclaiming approximately US$1.35 would be needed to restore a longer-term bullish market structure.
At the time of reporting, XRP price was $1.09.
