XRP Price Nears Key Breakout Zone at $1.10 Amid Short Liquidation Clusters
The XRP price has been consolidating below a key descending trendline for months, and its current range is signaling that a decisive move could be on the horizon. The token's price is stuck between a crucial support zone and overhead resistance, with the narrowing range indicating that a breakout is near.
A critical turning point in the weekly chart is approaching, as the XRP price hovers around $1.07. The immediate resistance lies between $1.10 and $1.12, where the descending trendline intersects with a previous support-turned-resistance zone. A weekly close above this range could invalidate the recent sequence of lower highs and pave the way for a move toward $1.20.
The RSI is hovering near 33, indicating that bearish momentum remains dominant, although selling pressure has eased compared with earlier declines. Meanwhile, the CMF remains below the zero line, suggesting capital outflows still outweigh inflows despite signs of stabilization.