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XRP pushed above the $1.14 resistance area after buyers stepped in with heavy volume, lifting the token from about $1.13 to $1.15 in the session. The strongest burst came late on July 5, when trading activity surged well above the daily average, with a brief test of $1.16 before sellers pushed back.
Why it matters
The breakout was not a technicals-only move. Spot XRP ETFs recorded a ninth consecutive week of net inflows, evidence that institutional demand is holding up even as broader market sentiment stays shaky. A wave of short covering compounded the move once resistance finally gave way, accelerating the push through $1.14.
At the same time, the CLARITY Act missed a pre-recess Senate vote, delaying a regulatory catalyst that bulls had been waiting on. Until lawmakers return, price action, not politics, is driving the tape.
Market impact
The chart now leaves $1.14 as the line that defines the setup. A defended $1.14 opens a path toward $1.18, then $1.20 and $1.23, with the next resistance layer stacked just above current levels. Below the market, support sits at $1.13, then $1.11 and $1.08; a decisive close below $1.11 on rising volume would weaken the bullish structure.
The MVRV picture adds a note of caution: readings remain deeply negative, meaning a large share of holders are still underwater and may sell into any rebound toward break-even. That dynamic has marked prior cycle reversal zones, but it can also cap upside on the way up. For now, the bullish structure is intact, even if traders have to earn every tick.
Frequently asked questions
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What level did XRP break above and why does it matter?
XRP pushed above the $1.14 resistance area on heavy volume, with buyers stepping in through the July 5 session. Holding that level as support is the line that defines whether the breakout extends toward $1.18 and $1.20 or fades back into the prior range.
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How long have spot XRP ETFs been posting net inflows?
Spot XRP ETFs recorded a ninth consecutive week of net inflows, indicating institutional demand has held up even as broader crypto sentiment stayed shaky. The persistence of the streak matters more than any single week's number.
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What is the status of the CLARITY Act?
The CLARITY Act missed a pre-recess Senate vote, delaying a regulatory catalyst XRP bulls had been watching. The bill is not dead, but action is paused until lawmakers return from recess.
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What are the next resistance and support levels for XRP?
Resistance sits at $1.16, then $1.18, $1.20 and $1.23. Support layers at $1.13, $1.11 and $1.08, with a decisive close below $1.11 on rising volume the level that would weaken the bullish setup.
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Why does the MVRV reading add caution to the bullish case?
MVRV remains deeply negative, meaning a large share of XRP holders are still sitting on unrealized losses. That often encourages selling into rebounds toward break-even, even though similar conditions have marked prior cycle reversal zones.
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