XRP holds near $1.10 as traders watch long-term breakout setup

Markets 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. By Shaurya Malwa Jul 9, 2026, 5:07 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show 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. XRP is still moving sideways near $1.09, but traders are watching whether the quiet range is setting up a larger break. Buyers continue to defend the $1.00-$1.05 zone, while sellers have kept the token capped below short-term resistance. That leaves the market compressed between a support area that has held for weeks and a downtrend that still needs to be cleared. News Background • XRP continued to trade without a clear fundamental catalyst, leaving technical levels to drive most of the session’s positioning. • Analysts pointed to long-term falling wedge and ascending channel structures that remain intact as long as XRP holds above the $1.00-$1.05 support zone. • Several chartists identified upside targets ranging from $2.20 to prior all-time highs near $3.65 if XRP can break its longer-term downtrend. • More aggressive Fibonacci projections point to $4.10, $7.60 and $11.80, though those targets require a confirmed breakout that has not yet occurred. Price Action Summary • XRP edged from $1.0890 to $1.0900 in early Tuesday trading, with price still locked inside a narrow near-term range. • The token briefly pushed through $1.088 resistance during a 23:44 UTC breakout attempt. • Volume during that move reached 688,000 XRP, about 120% above the session average, before momentum faded. • Earlier selling took XRP to a session low near $1.0742 after volume rose to 80.2 million, about 83% above the 24-hour average. Technical Analysis • The key development is that XRP continues to defend the $1.00-$1.05 support zone, which analysts say aligns with longer-term moving average and trendline support. • The near-term chart remains weak despite the small bounce. Lower highs at $1.1133, $1.0993 and $1.0932 show sellers are still capping recovery attempts. • XRP needs to hold above $1.088-$1.091 to build a cleaner move toward $1.093-$1.095. • The larger setup remains a compression trade rather than a breakout. Monthly wedge and channel patterns may point to higher targets, but confirmation requires a sustained move above nearer resistance first. • Relative weakness against bitcoin remains a risk, with the XRPBTC pair testing support near 1,700 sats. What traders should watch • $1.00-$1.05 remains the key support zone. Losing it would put $0.90 and then $0.80 back in focus. • $1.088-$1.091 is the immediate resistance area after capping the latest breakout attempt. • $1.20-$1.25 is the next major zone, where candle resistance and the 100-day moving average sit. • A move above $1.40 would be the first stronger sign that XRP is breaking out of its broader compression. • Until XRP clears near-term resistance, the market remains a support-defense trade with long-term breakout targets still unconfirmed. 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