Key facts
- XRP briefly surpassed $1.14 resistance on July 5 at 22:00 UTC.
- The breakout saw XRP reach $1.1594 on volume 207% above average.
- XRP pulled back to test $1.14 as support.
- XRP spot ETFs saw $17.19 million in net inflows, marking the ninth straight week.
- Most XRP holders remain underwater, with 30-day and 365-day MVRV ratios near -45% and -47%.
XRP briefly surged above the $1.14 resistance level on heavy trading volume, with the cryptocurrency reaching a high of $1.1594 before encountering sellers and pulling back to test the former resistance as support. Despite this price action, XRP spot exchange-traded funds (ETFs) have seen net inflows for nine consecutive weeks, adding $17.19 million recently. However, on-chain data indicates that most XRP holders remain underwater, with 30-day and 365-day MVRV ratios hovering near minus 45% and minus 47%, respectively. Traders are closely monitoring the $1.14 to $1.145 zone as key support, while resistance levels for a sustained uptrend are seen at $1.155, followed by $1.17 to $1.20. Analysts note improving technical structures, but a decisive move above $1.155 is needed to confirm trend continuation.