XRP Stuck Between Support and Resistance

XRP has stabilized around $1.07 after successfully defending its support level near $1.04, but it still faces significant resistance between $1.10 and $1.13.

The cryptocurrency's price has been consolidating within a year-long pattern of lower highs and steady support around $1.00-$1.05, indicating indecision in the market.

Despite this, institutional demand remains strong, with consistent ETF inflows and on-chain accumulation showing steady buying interest.

To break above its current resistance zone, XRP would need to confirm a trend reversal by surpassing $1.10-$1.13.