coindesk.com 
$XRP is starting to build a higher base above $1 following last week's sell-off. The token edged higher through the U.S. session, held $1.08 on repeated tests and pushed toward $1.10 before sellers slowed the move. That keeps the setup constructive, but still unfinished, with traders watching whether the latest accumulation turns into a clean breakout.
News Background
• $XRP wallet creation rose to 4,941 daily addresses, the strongest single-day growth in 14 weeks.
• Bullish social sentiment reached a three-month high, with positive comments outnumbering bearish ones by 3.7 to 1.
• Ripple completed its scheduled 1 billion $XRP escrow unlock without a meaningful price shock.
• $XRP’s move tracked the broader crypto market closely, with idiosyncratic variance against CD5 staying well below the level that would suggest a major asset-specific catalyst.
Price Action Summary
• $XRP rose from $1.0611 to $1.0894 during the 24-hour session, gaining 0.62%.
• The token established higher lows at $1.0552, $1.0589 and $1.0799, showing buyers stepped in at progressively higher levels.
• Volume rose 26.92% above the seven-day average, pointing to steady participation around the move.
• The strongest push came at 13:00 UTC, when volume reached 117.5 million $XRP, about 142% above the 24-hour average.
• $XRP failed to clear resistance at $1.1087 and later consolidated between $1.08 and $1.09 on lighter volume.
Technical Analysis
• The key development is that $XRP held $1.08 after reclaiming the level, turning it into the immediate support zone for the next move.
• The higher-low structure improves the short-term chart, especially after weeks of defensive trading around $1.
• Volume expanded during the advance rather than the pullback, suggesting buyers were active during the push higher.
• The failure near $1.1087 shows sellers are still defending the first major resistance zone above spot.
• $XRP remains in a consolidation phase until it can break and hold above $1.10-$1.12.
What traders should watch
• $1.08 is the immediate support level bulls need to defend.
• $1.0611 is the next downside level if $1.08 fails.
• $1.10-$1.1087 is the first resistance zone after capping the latest advance.
• A clean move above $1.1087 would open the path toward $1.12-$1.13.
• Until $XRP clears $1.10, the market remains a higher-base setup rather than a confirmed breakout.
