Jul 10, 2026, 5:13 a.m.
2 min read
Summary
- XRP broke out of its recent tight range to clear resistance around $1.10 on strong volume and then held near session highs instead of retracing.
- Traders now view $1.10 as key support, with $1.0880 as the next downside level and $1.1065 to $1.13 as the near-term resistance zone if momentum continues.
- Analysts remain divided on the broader outlook, with some eyeing upside targets near $1.19 to $1.23 and others warning that a drop below $1.09 could reopen a deeper pullback.
XRP spent most of the session grinding inside a tight range before buyers finally forced the move above $1.10. The token pushed through resistance on a late volume spike, hit $1.1065 and then held near the highs rather than giving back the move. That turns $1.10 into the level traders now need to see defended.
News Background
• XRP continued to attract attention from analysts tracking steady fund inflows even as bitcoin and ether products saw outflows in some markets.
• The token has spent recent sessions consolidating above $1.08, with traders watching whether that base can support a stronger move toward $1.13.
• Analysts remain split on the larger setup, with some pointing to Elliott Wave targets near $1.19-$1.23 and others warning that a failure to hold $1.09 could reopen downside toward lower support zones.
• Ripple’s expanding European regulatory footprint remains a longer-term support for institutional interest, though the session’s move was driven mainly by technical levels and volume.
Price Action Summary
• XRP rose from $1.0827 to $1.1026 during the 24-hour session, gaining 1.8%.
• The token established higher lows through the session as buyers defended pullbacks near $1.0880.
• The main breakout came around 01:00 UTC, when volume jumped to 43.51 million XRP, about 88% above the 24-hour average.
• The move carried XRP to an intraday high of $1.1065 before price stabilized near $1.1020-$1.1040.
• A later 60-minute spike reached 14.17 million in volume, pushing XRP from $1.0958 to $1.1052 before profit-taking slowed the move.
Technical Analysis
• The key development is that XRP cleared the $1.0950-$1.1000 area after several sessions of range-bound trading.
• The breakout was supported by volume, which gives the move more weight than the earlier low-volume attempts above resistance.
• Higher lows through the session show buyers are stepping in earlier, with $1.0880 acting as the main support level during pullbacks.
• The post-breakout hold near $1.1020-$1.1040 is constructive because XRP did not immediately lose the $1.10 area after the spike.
• The next test is whether buyers can keep XRP above $1.10 long enough to challenge $1.1065 and then $1.13.
What traders should watch
• $1.10 is the immediate support level after the breakout.
• $1.0880 is the next level to watch if XRP slips back into its prior range.
• $1.1065 is the first resistance after marking the session high.
• $1.11 is the next psychological level, followed by $1.13 if momentum continues.
• A clean hold above $1.10 would keep the breakout structure intact, while a move back below $1.0880 would turn the session into another failed range breakout.
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
3 hours ago
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.