XRP Support Level at $1.06 Sparks Interest Among Traders

XRP has recently reached an important support level at $1.06, sparking interest among traders about its next potential move.

The modest decline over the past 24 hours does not seem to have affected trading activity, as derivatives data and XRP Ledger network activity remain steady.

According to TradingView analysis, XRP is currently below the middle Bollinger Band at $1.10, indicating a weakening of bullish momentum following its recent recovery attempt.

Should buyers reclaim $1.10, XRP may target $1.14 and even $1.19. However, if it loses the support at $1.05, traders may watch for a retest of $1.00.