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XRP holds above key support near $1.13, which keeps the bullish trend alive.
A break above $1.1641 could open the door for a move toward $1.20.
Strong volume will play a key role in confirming the next breakout.
XRP has returned to the spotlight after a strong price jump over the past few days. The digital asset now trades close to $1.13, while buyers defend higher price levels after the recent rally. The latest chart shows that XRP has not lost its strength even after it faced profit booking near its recent peak.
Instead, the price has moved into a healthy consolidation phase, which often comes before another major move. Traders now watch a key resistance zone that could decide the next direction for XRP.
The latest 1-hour TradingView chart shows XRP at around $1.1318 after it climbed from nearly $1.08 to a recent high of $1.1641. That move gave buyers full control of the market for several sessions. After such a fast rise, many traders expected a deeper fall. However, XRP did not break below important support levels.
The price now moves inside a narrow range just below resistance.This type of action usually shows that buyers still have confidence and are waiting for another chance to push the price higher. The chart also shows that every small dip attracts fresh buying interest, which keeps the trend positive.
The current chart shows a clear pattern of higher highs and higher lows. This structure often signals that buyers remain active. Every pullback ends above the previous low, while every rally reaches a higher level than before. This trend gives traders confidence that the market still favors bulls.
The Bollinger Bands also support this view. XRP trades above the middle band, which acts as short-term support. The upper band has started to flatten after the recent rally, but the price stays far above the lower band. This behavior usually points to consolidation instead of weakness.
As long as XRP stays above the middle band, buyers have a chance to regain momentum and challenge resistance once again.
The biggest obstacle now sits between $1.145 and $1.150. Buyers must clear this zone before they can test the recent high of $1.1641. A successful move above that level could open the path toward $1.17 and $1.18. Many traders also watch the psychological barrier at $1.20, which stands as the next major target.
Price alone will not decide the breakout. Strong trading volume must support the move. Higher volume usually confirms that more buyers enter the market and support the rally. Without strong volume, XRP could remain inside its current range for a longer period.
XRP continues to hold above several important support levels. The first support sits near $1.13, where the price trades at the moment. Below that level, buyers may step in around $1.12 and $1.10.
The strongest support remains near $1.08, where the latest rally began. That level now acts as the foundation of the current uptrend. As long as XRP stays above $1.10, buyers keep the advantage. A move below that level could slow the rally and bring another test of lower prices before the market finds fresh strength.
Also Read - XRP Targets Top 5 Crypto Ranking with Potential Breakout
Momentum has cooled after the sharp rise, but that does not signal weakness. Instead, the market has taken time to absorb recent gains. This phase allows buyers and sellers to find balance before the next move.
Trading volume has also eased during this pause. Many traders view lower volume during consolidation as a healthy sign as it shows that panic selling has not entered the market. The moving averages also remain positive, with the price above key short-term averages. This setup keeps the bullish outlook alive.
Technical strength has received support from positive developments around Ripple and the XRP Ledger. Ripple continues to expand its blockchain payment services and build new partnerships across different markets. These efforts have helped improve confidence among investors.
Many market participants also expect better regulatory clarity in the United States. Clear rules could encourage more institutions to enter the digital asset market. This expectation has helped lift sentiment across the XRP community during 2026.
Investors also continue to follow XRP investment products closely. Interest from professional investors remains strong, even though price reactions have not always matched the growth in institutional demand.
The wider crypto market has shown better strength over recent weeks. Bitcoin has remained stable after its earlier rally, which has allowed several large altcoins to recover. XRP has benefited from this shift in market sentiment.
Many traders believe that XRP performs well when Bitcoin moves sideways since investors often move money into large altcoins during such periods. The current market environment fits that pattern, which gives XRP another reason for optimism.
The next few trading sessions will determine whether XRP can reach $1.20. To achieve that, buyers must first break above $1.145 and also be able to fight their way through $1.1641 with high volume. If this happens, the way to reach $1.18 and $1.20 becomes much clearer.
Even if XRP does not break this resistance now, the situation still looks good. Price remains above the important support level, buyers are still keeping the higher level under defense and the trend remains positive.
Why this Matters
XRP stands as one of the largest cryptocurrencies, so its price often reflects overall confidence in the digital asset market. A breakout above key resistance could attract fresh buyers, boost trading activity, and improve sentiment across the altcoin sector. At the same time, strong support levels help traders measure risk before the next major move.
XRP enters the last week of July boasting one of the best technical setups of all major cryptocurrencies. According to the last chart, XRP is continuing with a positive breakout. The buyers are able to support XRP near $1.13 while the $1.1641 level is the next major resistance that needs testing by the cryptocurrency.
In case the breakout is successful and supported by high volume, XRP has great chances to hit $1.18 and then $1.20. However, if the sellers do not allow the upward movement, XRP may retreat back to $1.10 or even lower before making another attempt at breaking higher. As for now, we can say that the overall trend is bullish and market participants are waiting for a breakout.
1. What is XRP's current price?
XRP trades around $1.13 at the time of analysis.
2. What is the next resistance level for XRP?
The key resistance sits between $1.145 and $1.1641.
3. Why do traders expect a breakout?
The chart shows higher highs, higher lows, and a healthy consolidation after a strong rally.
4. What support levels should traders watch?
The main support levels are $1.13, $1.10, and $1.08.
5. Can XRP reach $1.20?
A strong move above $1.1641 with high trading volume could increase the chances of a rally toward $1.20.
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