Markets

XRP Price Outlook: $1.10 Breakout Could Open Path to Recovery

✶ The Main Takeaways
  • XRP is currently testing key support at $1.07, with a breakout above $1.10 necessary for potential recovery.
  • A sustained move below $1.07 could lead XRP towards the psychological $1 mark and further declines.
  • Monitor Bitcoin's price movements, as they significantly influence XRP's market sentiment and trading opportunities.

XRP is trading near a decisive technical area as buyers attempt to defend support around $1.07.

The token’s next major move will likely depend on whether it can reclaim nearby resistance or falls below its current base, with Bitcoin’s direction and geopolitical developments remaining important drivers of broader market sentiment.

XRP Tests Key Support as Relative Strength Improves

In his July 13 technical outlook, popular X analyst CRYPTOWZRD noted that XRP’s daily candle closed bearish, reflecting Bitcoin’s broader weakness.


However, against BTC, the cryptocurrency ended the session in positive territory, indicating relative strength.

Continued gains in the pair could help improve sentiment around XRP, potentially allowing it to decline less sharply during Bitcoin pullbacks and respond more quickly when the wider market recovers.

The analyst identified $1.07 as the immediate daily support level. A sustained move below this area would weaken XRP’s structure and could expose the psychological $1 mark, followed by a deeper decline toward $0.90.

That bearish scenario would become more likely should Bitcoin lose its own daily support near $58,000.

A Break Above $1.10 Could Trigger Further Upside

On lower time frames, CRYPTOWZRD described XRP’s intraday structure as bearish but highlighted $1.10 as the key breakout level.

A convincing move above that resistance could create a short-term trading opportunity and allow XRP to extend its recovery.

The $1.30 area is seen as the next significant technical barrier, while a stronger and more sustained rally could eventually bring the broader $1.60 resistance area back into focus.

Until XRP confirms a breakout, however, continued trading beneath $1.10 would leave the token vulnerable to renewed weakness.

Bitcoin sentiment is expected to remain the primary market driver, while geopolitical uncertainty could add further volatility to XRP’s near-term price action.

 

 

Mandy Williams
Written by

Mandy Williams

Mandy Williams is a full-time cryptocurrency reporter. Having entered the blockchain space in early 2017, she leverages a diverse background in multi-niche writing and content strategy to cover the evolving digital asset market. Mandy is dedicated to breaking down complex Web3 concepts and spreading mainstream awareness of blockchain technology.