XRP stalls near $1.14 as breakout attempt struggles for volume
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XRP's price remains above a key support level around $1.11 following a recent sharp decline, but its attempts to break through resistance in the $1.14-$1.15 range have so far lacked sufficient volume and momentum to signal a sustained recovery. Despite this, spot XRP ETFs continued to attract significant institutional interest, registering a ninth consecutive week of net inflows totaling $17.19 million, highlighting ongoing demand even amid regulatory uncertainties, such as delays in the CLARITY Act Senate vote.
Traders are closely monitoring critical price points, with $1.1110 identified as important support and $1.14-$1.15 as the major resistance zone. A confirmed breakout above $1.15 could open the path toward higher targets between $1.17 and $1.20, whereas a failure to hold above $1.1110 may lead to renewed testing of the $1.08 support level. The token's hourly price structure showed some weakness, with XRP retreating from near $1.1507 back toward $1.1249 after failing to sustain gains, indicating that sellers remain active at resistance.
Technically, XRP has held the floor around $1.11 but has been unable to advance decisively, despite some bullish indicators such as divergence from prior lows and possible Elliott Wave formations. Trading volume was elevated but not enough to confirm a breakout, with peak activity around the $1.1110 low exceeding the average by about 129%. The ongoing consolidation between support and resistance suggests market participants are cautious, awaiting clearer signals before committing to further directional moves.
The broader significance lies in the interplay between price action and institutional interest amid a backdrop of regulatory delays, which could influence XRP's trajectory in the near term. Should XRP manage to break above key resistance with strong volume, it may signal renewed strength and attract additional inflows. Conversely, failure to hold current supports could imply further downside risk, keeping traders vigilant around critical price thresholds.