XRP Price Outlook: Can XRP Break Key Resistance Above $1.12?

XRP remains under pressure as it continues to trade below its 50-day, 100-day, and 200-day moving averages, signaling that bearish momentum is still in control despite a modest recovery attempt. At the time of writing, XRP is trading around $1.09, with a strong resistance zone between $1.11 and $1.15 preventing the cryptocurrency from gaining meaningful upside traction.

Technical indicators suggest that XRP has yet to confirm a trend reversal. Every recent rally has been rejected before buyers could establish sustained momentum, leaving the asset trapped in a corrective phase. Since the sharp breakdown seen in June, XRP has consistently formed lower highs and lower lows, reinforcing the broader downtrend.

However, there are signs that selling pressure may be easing. XRP has avoided posting fresh lows in recent sessions, indicating that bears may be losing some control. At the same time, buyers have not generated enough demand to push the token above key resistance levels. This balance between buyers and sellers is reflected in the Relative Strength Index (RSI), which remains in neutral territory at 47, highlighting the absence of a clear directional bias.

For XRP to improve its technical outlook, bulls must reclaim the 50-day moving average and establish solid support above $1.12. Achieving those levels could strengthen market confidence and increase the chances of a broader recovery. Until then, the cryptocurrency is likely to remain in its current consolidation and corrective pattern.

While XRP continues to struggle with its downtrend, other digital assets are showing stronger signs of recovery. NEAR Protocol, for example, is attempting to break above key resistance levels to extend its rebound, while the market's two largest memecoins continue to trade in close correlation, reflecting broader sentiment across the cryptocurrency market.

Investors will likely monitor XRP's ability to overcome its moving average resistance, as a successful breakout could determine the token's next major price direction.