XRP Holds Steady at Key Support, Eyes Potential Move to $1.19

XRP has recently reached an important support level at $1.06, and traders are watching its next potential move.

Derivatives activity has remained steady, and XRP Ledger network activity has also held up, despite the modest decline in price over the past 24 hours.

The technical indicators suggest that bullish momentum has weakened following XRP's recent recovery attempt. According to TradingView analysis, XRP is currently trading below the middle Bollinger Band, located around $1.10.

Should buyers reclaim $1.10, XRP may target $1.14 and even $1.19. However, a break below $1.05 may increase the likelihood of a decline toward $1.00.

With derivatives positioning remaining stable and XRP Ledger activity showing resilience, traders will likely watch whether buying pressure is strong enough to trigger a breakout above resistance.