XRP Struggles to Break Above $1.10 Amid Macro Risk Sentiment
XRP's price struggles to break above $1.10 despite Ripple's growing presence in regulated payments infrastructure across Europe.
The divergence between XRP's price and its improving fundamentals highlights a common dynamic in crypto markets: near-term price action is driven more by macro risk sentiment than project-specific catalysts.
XRP was trading at $1.0601 on July 31, down 2.63% over the past 24 hours and 2.57% over the past week, with a market capitalization of approximately $66.29 billion and a 24-hour trading volume of around $1.16 billion.
The technical posture remains defensive, with XRP pinned below the Bollinger Band midline near $1.10 and under major exponential moving averages (EMAs), suggesting that rallies are being sold and reinforcing $1.10 as a key resistance zone.