XRP Eyes Crucial Breakout Above $1.12 Amid ETF Optimism

XRP is approaching a critical technical zone as it trades within a narrow range. Bulls have defended key support, but a convincing breakout to shift the broader trend in their favor remains elusive.

Growing institutional interest in XRP-related investment products and improving crypto market sentiment have added fresh attention to the asset. A daily close above $1.12 would strengthen the bullish case and could pave the way for a move toward the next resistance at $1.16.

The immediate support remains at $1.09, while momentum indicators show that XRP has not yet committed to either a bullish or bearish trend. The 14-day Relative Strength Index (RSI) currently stands at 49.43, placing it in neutral territory, indicating balanced buying and selling pressure.

The higher-timeframe picture tells a different story, with the weekly RSI at 33.99, placing XRP in oversold territory. Exponential moving averages continue to reflect a divided market structure, with XRP trading above its short-term EMAs but below its long-term EMAs.