XRP rises 3% as $1.14 breakout turns into support test
Heavy volume pushed XRP through resistance, but sellers met the move near $1.16 and left traders watching whether former resistance can now hold as support.
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Summary
- XRP briefly broke above the key $1.14 resistance on heavy volume before pulling back, turning that level into a crucial support test.
- Despite a ninth straight week of net inflows into XRP spot ETFs, most holders remain underwater, with 30-day and 365-day MVRV near minus 45% and minus 47%.
- Traders are watching support at $1.14 to $1.145 and resistance at $1.155 and then $1.17 to $1.20 to determine whether the move becomes a sustained uptrend.
