XRP price pushed above the $1.14 resistance area after buyers stepped in with heavy volume and bullish prediction. The token climbed from about $1.13 to $1.15 during the session. The strongest burst arrived late on July 5, when trading activity surged well above the daily average. Now comes the real test: whether $1.14 holds as support or slips back into resistance.
That breakout was not driven by technicals alone. Spot XRP ETFs recorded a ninth straight week of net inflows, showing institutional demand remains intact despite shaky market sentiment. At the same time, a wave of short covering added fuel, helping the price accelerate once key resistance finally gave way.
Meanwhile, the CLARITY Act still awaits Senate action after missing a vote before the congressional recess. That delays a potential regulatory catalyst, but it does not erase it. Until lawmakers return, traders will likely keep focusing on price action instead of political headlines.
The next few sessions should reveal whether buyers have enough conviction to defend recent gains. If $1.14 stays intact, momentum could carry XRP toward fresh highs. If not, this breakout may end up as another head fake, proving that markets still enjoy testing impatient traders.
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XRP Price Prediction: Clear $1.20 This Week?
XRP is trading around $1.14 after briefly testing the $1.16 area before sellers stepped in. That leaves $1.16 as the first hurdle bulls need to clear. Even so, several technical signals still suggest buyers are trying to regain control after breaking a short-term downtrend.
Meanwhile, resistance stands near $1.18, followed by $1.20 and $1.23. On the downside, support sits at $1.13, then $1.11 and $1.08. So far, the chart looks like it’s asking traders for patience instead of handing out easy wins.
The MVRV picture adds a little caution, as recent readings remain deeply negative, showing many holders are still sitting on unrealized losses. That often encourages selling as price rebounds toward break-even, although it has also marked reversal zones in previous cycles.
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If XRP holds above $1.14 and reclaims $1.18 with strong volume, momentum could carry it toward $1.20 and $1.23. Otherwise, the token may spend a few sessions ranging between $1.13 and $1.18. It may not be exciting, but markets sometimes prefer a slow simmer before the next move.
A decisive close below $1.11 on rising volume would weaken the current setup. In that case, attention would likely shift to the $1.08 support zone. Until then, the bullish structure stays alive, even if it keeps making traders earn their optimism.
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LiquidChain Eyes Early Positioning as XRP Tests Critical Support
XRP’s breakout narrative is real, but context matters. Even a move to $1.25 represents single-digit percentage upside from current levels. It’s meaningful for a swing trade, limited for a portfolio-shifting return.
Traders looking for asymmetric exposure during this institutional momentum phase are increasingly scanning early-stage infrastructure plays where price discovery hasn’t happened yet.
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