XRP Price Holds Above $1.08 as Bulls Target Breakout Toward $1.12

XRP is showing signs of recovery after last week's sell-off, building a stronger base above the $1 mark as buyers continue defending key support levels. The cryptocurrency traded higher during the U.S. session, repeatedly holding above $1.08 before advancing toward $1.10. Although sellers capped the latest rally, XRP's improving price structure has traders watching for a potential breakout.

The recent move has been supported by improving on-chain activity and stronger market sentiment. Daily XRP wallet creation climbed to 4,941 addresses, marking the strongest single-day increase in 14 weeks, while bullish social sentiment reached its highest level in three months. Positive comments outpaced bearish ones by roughly 3.7-to-1, reflecting growing confidence among investors.

Ripple also completed its scheduled unlock of 1 billion XRP from escrow without triggering significant market volatility. Meanwhile, XRP continued to move largely in line with the broader cryptocurrency market, with its idiosyncratic variance against CD5 remaining low, indicating that recent price action has been driven more by overall market trends than by XRP-specific developments.

During the past 24 hours, XRP rose from $1.0611 to $1.0894, posting a 0.62% gain. The token established a series of higher lows at $1.0552, $1.0589, and $1.0799, suggesting buyers stepped in at progressively higher prices. Trading activity also strengthened, with volume rising 26.92% above the seven-day average. The strongest buying interest occurred at 13:00 UTC, when trading volume reached 117.5 million XRP, approximately 142% above the 24-hour average.

Despite the positive momentum, XRP failed to break resistance at $1.1087 and later consolidated between $1.08 and $1.09 on lighter trading volume. Holding above $1.08 has turned that level into the key near-term support, while the higher-low pattern reinforces the token's improving technical outlook.

For now, traders are closely watching whether XRP can maintain support above $1.08. If that level fails, the next downside target is $1.0611. On the upside, a decisive break above the $1.10-$1.1087 resistance zone could pave the way for a move toward $1.12-$1.13. Until then, XRP remains in a constructive consolidation phase, building a higher base rather than confirming a full bullish breakout.