XRP Breaks $1.14, Then Can't Quite Break Up With It 💔

XRP cleared the closely watched $1.14 resistance level on heavy volume during the 24-hour session to July 6, rising from $1.1344 to $1.1454, a gain of 2.87%, before sellers forced a pullback that turned the breakout into a support test. The push came at 22:00 UTC on July 5, when trading volume reached 81.89 million XRP, about 207% above the 24-hour average, driving the token from $1.1356 to $1.1594 in two hours. Sellers then emerged near $1.158, pulling XRP back toward $1.146 and breaking short-term support at $1.150.

In the following session to July 7, XRP traded near $1.1238, holding above the $1.11 area after a volatile swing lower. Volume ran 16.19% above the seven-day average, with the sharpest activity near the session low around $1.1110, when volume reached 106.5 million XRP, about 129% above the 24-hour average. Buyers later pushed XRP toward $1.1507, but the move failed to hold. Over the period, XRP underperformed the CD5 index by 143 basis points, indicating the price action was not strongly asset-specific.

Spot XRP exchange-traded funds recorded a ninth consecutive week of net inflows, adding $17.19 million despite broader regulatory uncertainty. The CLARITY Act missed its expected timeline after the Senate adjourned for recess without holding a scheduled floor vote, removing a near-term catalyst for digital assets. Santiment data showed XRP's 30-day MVRV near minus 45% and its 365-day MVRV near minus 47%, meaning most holders remained underwater across both shorter and longer timeframes.

Technically, traders are watching $1.1400 to $1.145 as the key support zone following the breakout, with $1.155 acting as the first resistance after repeated failed reclaim attempts. A clean break above $1.15 would open room toward the $1.17 to $1.20 resistance band, while a decisive loss of $1.145 would shift focus back toward $1.142 and then $1.133. The broader short-term structure remains constructive as long as XRP holds above the breakout area near $1.14, though the rejection near $1.1507 shows sellers remain active around the same zone that has capped recent recovery attempts.