Key Takeaways
- XRP pushed through $1.10 resistance during a late-session rally, advancing 1.8% to reach $1.1065
- Open Interest in perpetual futures stands firm at 2.14 billion XRP, increasing from 2.09 billion earlier this week
- The token continues trading beneath its 50, 100, and 200-day exponential moving averages, maintaining a bearish technical outlook
- Institutional hesitation continues as XRP spot ETFs experienced approximately $7 billion in withdrawals on Wednesday
- Critical price zones: $1.10 as downside support, with resistance targets at $1.1065 and $1.13
XRP registered a 1.8% gain on Thursday, escaping a narrow consolidation pattern to pierce the $1.10 threshold amid elevated trading activity. The digital asset ranged from an intraday bottom of $1.0827 to a peak of $1.1065, eventually settling in the $1.1020ā$1.1040 zone.
The decisive move higher occurred near 01:00 UTC as trading volume exploded to 43.51 million XRPārepresenting an 88% surge above the typical 24-hour baseline. An additional one-hour volume burst later delivered 14.17 million XRP to the market, propelling price from $1.0958 to $1.1052 before sellers stepped in to take profits.
Market analyst Celal Kucuker shared his perspective on XRP’s trajectory via X, stating: “Two years ago, XRP rallied over 500% in just one month. Now people say $7 by year-end is impossibleā¦ yet there are still 6 months left.” His commentary captures the increasing speculation among retail participants regarding XRP’s historical performance patterns.
Two years ago, $XRP rallied over 500% in just one month.
Now people say $7 by year-end is impossibleā¦
yet there are still 6 months left.Never underestimate what Ripple can do. pic.twitter.com/pB9a0BymSf
ā Celal Kucuker (@CelalKucuker) July 9, 2026
Retail Participation Shows Signs of Recovery
Open Interest in XRP perpetual futures currently registers at 2.14 billion tokens, climbing from 2.09 billion recorded on Tuesday, based on CoinGlass tracking data. This incremental growth indicates that retail market participants are cautiously re-entering positions.
Meanwhile, larger institutional players maintain a defensive posture. XRP spot exchange-traded funds reported substantial outflows totaling roughly $7 billion on Wednesday, continuing the trend of subdued institutional activity observed throughout the week.
External geopolitical developments weighed on cryptocurrency markets broadly. US armed forces conducted strikes against 90 targets positioned along Iran’s coastal regions on Wednesday. In retaliation, Iran’s Revolutionary Guard launched counterattacks targeting American military installations in Kuwait and Bahrain. Qatar’s Prime Minister has called for diplomatic engagement between the parties.
Technical Levels Drawing Market Attention
XRP remains positioned beneath three critical exponential moving averages: the 50-day EMA at $1.17, the 100-day EMA at $1.28, and the 200-day EMA at $1.49. This configuration creates a formidable resistance cluster that bulls must overcome.
Technical strategists hold divergent views on near-term direction. Certain analysts point to Elliott Wave projections placing targets in the $1.19ā$1.23 range. Alternative scenarios suggest that losing support at $1.09 could trigger tests of deeper support levels.
The Relative Strength Index hovers around 45, positioned below neutral territory. The MACD histogram displays a modest positive divergence, hinting at a fragile short-term recovery effort.
Throughout Thursday’s trading, XRP maintained a series of higher lows, with demand emerging consistently near $1.0880 during retracements. The ability to sustain prices above $1.10 following the breakout is viewed favorably by technical observers.
Immediate resistance barriers ahead include $1.1065, followed by $1.11, and potentially $1.13 should bullish momentum persist.
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