XRP rises 3% as $1.14 breakout turns into support test

XRP rose 3% on Monday, finally breaking through the $1.14 resistance level that had capped previous attempts higher. The token reached as high as $1.158 on heavy volume before sellers stepped in, pushing the price back toward $1.146. The session now tests whether the former resistance can hold as support, a key technical signal for the next leg of the move.

For crypto traders, this price action comes amid a backdrop of strong institutional demand. XRP spot ETFs recorded a ninth consecutive week of net inflows, adding $17.19 million despite broader market uncertainty. Meanwhile, on-chain data from Santiment shows XRP's 30-day MVRV near -45% and 365-day MVRV near -47%, indicating that most holders are at a loss, which historically can reduce selling pressure and set the stage for a reversal. Traders can track XRP's real-time price action on NowPrice's live crypto dashboard to monitor the support test.

Looking ahead, the $1.14 level will be critical. If it holds as support, the next resistance band lies around $1.20-$1.25. However, a failure to hold could see a retest of the $1.05 area. On the regulatory front, the CLARITY Act missed its expected timeline after the Senate adjourned for recess without a floor vote, delaying a potential catalyst for the broader crypto market. Traders should also watch for any updates on ETF flows and broader risk sentiment, as XRP remains sensitive to macro conditions.