Resistance

Higher

<h2 id="key-points">Key Points</h2>
<ul>
 <li>XRP forms higher lows above $1 while testing $1.10 resistance.</li>
 <li>Rising wallet growth and sentiment accompany increased trading volume.</li>
</ul>
<a href="https://coineagle.com/price/xrp/" rel="noopener noreferrer nofollow">XRP</a> rose from $1.0611 to $1.0894 on July 3, gaining 0.62% as buyers defended a sequence of higher lows at $1.0552, $1.0589, and $1.0799.
The token advanced toward the $1.10–$1.1087 resistance range, a zone that has limited upside attempts in recent weeks.
The move reflects the early formation of a higher-base structure above $1, marking a shift from the prior defensive price action.
However, confirmation of this constructive setup depends on a decisive close above the $1.10 level.
<h2 id="price-action-and-resistance-levels">Price Action and Resistance Levels</h2>
Trading volume expanded during the advance rather than on pullbacks, indicating that buyers drove the session’s momentum.
Total volume measured 26.92% above the seven-day average, peaking at 117.5 million XRP at 13:00 UTC, roughly 142% above the 24-hour mean.
Selling pressure emerged near $1.10, after which price consolidated between $1.08 and $1.09 on lighter turnover.
Immediate support stands at $1.08, while a breakdown could bring $1.0611 back into focus as a structural test.
A sustained break above $1.10 would expose the $1.12–$1.13 range and potentially shift the broader short-term outlook.
<h2 id="on-chain-activity-and-market-participation">On-Chain Activity and Market Participation</h2>
New wallet creation climbed to 4,941 addresses on July 3, marking the strongest daily increase in 14 weeks.
Such growth during consolidation phases is generally associated with user onboarding rather than short-term speculative reshuffling.
Bullish social sentiment reached a three-month high, with positive commentary outnumbering bearish views by a ratio of 3.7 to 1.
The combined rise in address growth and volume provides additional context to recent price strength beyond spot performance alone.
During the same session, Ripple unlocked 1 billion XRP from escrow without triggering notable volatility, indicating the event had likely been priced in.
Analysts also observed that XRP’s variance relative to the CD5 index remained below levels typically linked to asset-specific catalysts, suggesting the move aligned with the broader crypto market trend.

XRP Forms Higher Low as Rising Volume Challenges $1.1087 Resistance

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CoinEagle.com

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