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Markets

XRP broke above $1.14 resistance, daily trading volume surged over 200% according to analyst Anderson

XRP has surpassed the key $1.14 resistance level in recent days, marking a significant technical milestone after weeks of being capped by this threshold. Market analyst Vlad Anderson attribut

AnonymousCryptoCompass newsroom
July 7, 2026
3 min read
NEWS
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XRP has surpassed the key $1.14 resistance level in recent days, marking a significant technical milestone after weeks of being capped by this threshold. Market analyst Vlad Anderson attributes this breakout not to short-term speculative trades, but to robust buying demand, suggesting a meaningful shift in the asset’s market structure.

After the breakout: focus shifts to support zones

Trading volume climbed sharply, reaching approximately 82 million XRP – more than double the daily average. This momentum powered the price up to $1.158. However, sellers soon entered the market, pulling XRP back toward the $1.145 mark.

Anderson views this pullback as a healthy retest rather than a negative development. In technical analysis, former resistance levels that are passed often act as support in subsequent price action. If buyers manage to hold this area, the case for a continued uptrend may gain strength.

Anderson emphasizes that the move above $1.14 was driven by strong buying, so the recent pullback could be seen as a test of the new support zone.

According to CoinCodex, XRP subsequently slid as low as $1.12. The coming trading sessions are considered crucial in determining whether the recent breakout will prove sustainable.

Three key price levels to watch

Anderson highlights the $1.14–$1.145 range as the primary support zone to monitor. Recovering this area would suggest that buyers have regained control of the market. The next critical threshold is $1.155; clearing this mark could signal fresh upward momentum.

The strongest resistance is located between $1.17 and $1.20. Should the price clearly break above this band, it could confirm a broader bullish trend. Otherwise, XRP may consolidate sideways or once again come under selling pressure.

LevelSignificance$1.14–$1.145Primary support zone$1.155Momentum threshold$1.17–$1.20Strong resistance area

Institutional interest reflected alongside technical setup

Beyond the technicals, fundamental indicators are also drawing attention to XRP. Notably, spot XRP ETFs have recorded net inflows for nine consecutive weeks. Despite a more cautious overall market, these products saw an additional $17.2 million in inflows recently, highlighting sustained institutional investor interest.

Total tokenized real-world assets held on the XRP Ledger have surpassed $4 billion. The XRP Ledger, an open-source blockchain network linked to the Ripple ecosystem, stands out for its cross-border payment and asset transfer capabilities.

Nine straight weeks of net inflows into spot XRP ETFs, combined with over $4 billion in tokenized assets on the XRP Ledger, show that the market’s focus extends beyond just price movements to include real-world use cases.

When combining the improved technical outlook, continued institutional inflows, and expanding usage on the XRP Ledger, it appears XRP has entered a decisive phase in the short term. The asset’s reaction to key support and resistance levels in the coming days is likely to determine whether this breakout develops into a sustained bullish trend.

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