XRP Price Breaks Resistance Ahead of XRPL Batch V1.1 Upgrade

XRP's price is trading near $1.62, having risen by 3.15% in the past 24 hours.

This increase has led to a Bollinger Band expansion at $1.60, which may indicate that XRP is on the verge of breaking out above its current resistance level of $1.70.

Rising Binance reserves suggest that traders are building up liquidity in anticipation of further price increases, but this could also be a sign of an imminent sell-off if Ripple's routine escrow releases add fresh supply to the market.