XRP Price Nears Key Breakout Zone Amid Short Liquidation Cluster

XRP's price has been consolidating below a key descending trendline for months.

The token remains stuck between a crucial support zone and overhead resistance, with the narrowing range signaling that a decisive move could be on the horizon.

Traders are closely watching the $1.10 resistance level, as a breakout above it could shift market sentiment and open the door to further upside.

The immediate resistance lies between $1.10 and $1.12, where the descending trendline intersects with a previous support-turned-resistance zone.