XRP Price Teeters on Breakout as Short Liquidation Cluster Builds Above $1.10

XRP's price has been consolidating below a key descending trendline for months, stuck between a crucial support zone and overhead resistance.

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 token remains in a descending triangle on the weekly timeframe, with lower highs since its rejection from the yearly peak.

A decisive move is anticipated, with the $1.10-$1.12 resistance zone being the key to determining XRP's next major move.