XRP holds near $1.10 as traders watch long-term breakout setup
XRP defended the $1.00-$1.05 support zone, but the near-term chart remains capped below resistance as analysts track larger wedge and channel patterns.
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Summary
- XRP is trading in a tight range around $1.09, with buyers defending the $1.00 to $1.05 support zone while sellers cap rallies below nearby resistance.
- Chart analysts say a long-term falling wedge and ascending channel remain intact above $1.00 to $1.05, but upside targets as high as $3.65 and beyond require a confirmed breakout that has not yet occurred.
- Until XRP can clear near-term resistance around $1.088 to $1.091 and then the $1.20 to $1.25 area, trading is likely to remain a support-defense setup rather than a sustained breakout.
