XRP Stuck in Tight Range as Buyers Eye Breakout Above $1.1375

XRP has been stuck in a tight range after weeks of heavy selling, but buyers have managed to defend critical support levels and prevent another sharp decline.

The asset currently trades near $1.11, having recovered from its recent low around $1.01, but remains below its key moving averages, indicating sellers still hold the advantage.

For a recovery above $1.13 to happen, buyers must push XRP above the 50-day EMA near $1.1375, which could encourage another attempt toward the $1.18 and $1.23 resistance levels.

A break beneath the recent swing low near $1.0088 would likely expose the asset to bearish pressure and delay any recovery attempt.