XRP Tests July Trendline Support Amid Buyers' Stepped-In Momentum

XRP has retreated from its recent high of $1.16 and is now testing an ascending trendline that has guided price action throughout July, according to a chart shared by analyst BankXRP.

The setup places XRP near $1.107 as traders watch whether buyers can defend the structure that has produced a series of higher lows over the past several weeks.

BankXRP's chart shows XRP sitting directly on the rising trendline after its pullback from $1.16, and the latest candles suggest buyers have stepped in around the trendline.

The Ichimoku Cloud also indicates that XRP is trading below both the conversion line and the base line, placing the next resistance zone overhead at a relatively thin cloud ahead.