XRP Price Teeters on Major Breakout as Bulls and Bears Clash

XRP's price action has been closely watched as it teeters on the edge of a major move. Currently trading near the key $1.06 support level, XRP is in a daily triangle pattern that is tightening. The bulls must defend the $1.03 to $1.06 zone to limit further downside risk.

A daily close above $1.15 with strong volume could confirm a bullish breakout, but this will require significant buying pressure. XRP futures volume fell 4.36% while open interest remained almost unchanged. CryptoQuant data showed leverage near a six-month low as traders reduced their risk exposure.

The growth of real-world asset activity on the XRP Ledger continues to be a positive trend for the network, with the number of RWA holders increasing by 25.16% over the past month and represented asset value rising 2% to $4.06 billion.