XRP Bulls Test Path Back Toward $1.10 as Token Rises 4%
XRP rose 4% to test the $1.10 level, with wallet creation hitting a 14-week high and bullish social sentiment reaching a three-month peak, signaling growing trader confidence.
XRP bulls are testing a return toward $1.10 after the token surged 4% higher, building on a higher base above $1 following last week's sell-off.
The token edged higher through the U.S. session, repeatedly holding $1.08 and pushing toward $1.10 before sellers slowed the move. Wallet creation rose to 4,941 daily addresses, the strongest single-day growth in 14 weeks, while bullish social sentiment reached a three-month high with positive comments outnumbering bearish ones by 3.7 to 1. Ripple also completed its scheduled 1 billion XRP escrow unlock without a meaningful price shock, removing a potential overhang.
For crypto traders, the combination of rising on-chain activity and improving sentiment suggests growing conviction in XRP's recovery. The escrow unlock passing without disruption removes a supply-side concern that has historically weighed on price. Traders can monitor XRP's live price action on NowPrice's real-time dashboard to track whether the current accumulation phase leads to a clean breakout above $1.10 resistance.
Looking ahead, the key level to watch is $1.10. A decisive break above that could open the path toward the next resistance zone around $1.20, while failure to hold $1.08 may invite a retest of the $1.00 support. Broader crypto market sentiment and Bitcoin's price direction will also influence XRP's trajectory in the coming sessions.