XRP Price Trapped in Narrow Range as Institutional Interest Grows

XRP's price action is currently trapped in a narrow range between $1.09 and $1.12, a zone that has kept both bulls and bears waiting for confirmation.

Despite several sessions of range-bound trading, the token has yet to deliver a convincing breakout that would shift the broader trend in its favor.

Growing institutional interest in XRP-related investment products and improving crypto market sentiment have added fresh attention to the asset.

The immediate support remains at $1.09, a level that has helped prevent further downside during recent pullbacks.

A daily close above $1.12 would strengthen the bullish case and could pave the way for a move toward the next resistance at $1.16, according to technical analysis.