XRP Price Stuck at $1.10 as Breakout Above $1.16 Beckons

XRP's price has been trading flat around $1.10 as capital flows into memecoins, outperforming the broader crypto market.

Despite the muted price action, XRP has built a higher-low structure over the past month, which is a positive sign for traders.

Rising Open Interest and positive funding rates indicate that traders are positioning themselves for a potential breakout.

XRP's token now trades just below a key resistance zone near $1.16, making the coming sessions critical.