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XRP traded near $1.09 after gaining about 0.76% over 24 hours, moving in line with Bitcoin and the wider crypto market. The rise followed continued demand for US spot Bitcoin exchange-traded funds and better risk sentiment across digital assets. XRP did not receive a clear coin-specific catalyst during the session.
The token still faces a key technical test after losing nearly half its value in 2026. Traders are watching support between $1.06 and $1.09, resistance from $1.12 to $1.18, and the XRP Ledger FixCleanup3_2_0 amendment scheduled for July 29.
XRP’s latest move largely reflects market-wide strength. Bitcoin gained about 0.93%, while the total crypto market value also moved higher. US spot Bitcoin ETFs recorded another positive session, adding support to risk assets. Optimism over US crypto rules also helped market sentiment, although progress on the CLARITY Act remains a key factor before the August recess.
At the same time, XRP futures leverage on Binance has fallen to its lowest level since early 2024, according to market data shared by traders. Lower leverage can reduce the risk of forced selling during sharp price swings. Still, the reset does not confirm a rally. Trading volume has also dropped, showing that the rebound lacks strong buying activity.
XRP trades inside a descending broadening wedge on the daily chart. Buyers have defended the area near $1.05 while the relative strength index has formed a bullish divergence. The pattern suggests selling pressure has slowed, but XRP must close above the $1.12 to $1.18 zone to confirm a breakout.
Seasonal data adds another point for traders to watch. XRP has not posted a negative third quarter in the past seven years. The token gained 47.6% in July 2023 and 35% in July 2025 after weak early-summer periods. Its median third-quarter return stands near 25.8%. Even so, past results do not guarantee another rise.
A move above $1.18 could place the $1.45 to $1.60 range back in focus. That would represent close to 50% upside from current levels. The ‘50% surge’ target stays conditional on a confirmed breakout, stronger volume, and support from the broader market. A break below $1.06 could instead expose the $0.90 area.
The XRP Ledger FixCleanup3_2_0 amendment is set to activate on July 29. The update focuses on ledger cleanup functions and network efficiency. Traders may watch whether the event attracts new activity, although the upgrade has not yet created a clear price reaction.
Meanwhile, cumulative trading volume for tokenised gold on the XRP Ledger has moved above $1 million. The asset represents physical gold and allows round-the-clock on-chain settlement. The milestone shows that real-world asset activity is expanding on XRPL, adding another use case beyond payments for institutions and retail users.
Ripple’s addition to an ESMA register and XRP’s inclusion in a multi-token ETF have also supported the wider market narrative. Yet XRP has underperformed Bitcoin during the latest rebound. Price action now depends on support at $1.06 to $1.09, resistance near $1.12, and the strength of market-wide flows.
