XRP Clears $1.10 Resistance in Third-Biggest Breakout of 2026

XRP News

XRP cleared the $1.10 barrier this week, and one of the token's earliest insiders is reflecting on what the move means. David Schwartz, Ripple's Chief Technology Officer Emeritus, publicly admitted regret over selling a portion of his XRP holdings back when the asset traded near 10 cents. His candid remark landed as XRP (XRP), the cross-border settlement altcoin, pushed decisively through resistance that had capped it for weeks. The confession resonated across the XRP community, underscoring how far the token has traveled from its early days — and how long-term conviction, rather than early profit-taking, has rewarded patient holders through multiple market cycles.

The breakout arrived as chart watchers flagged a cluster of overhead supply. Analysts identified stacked sell walls at $1.13 to $1.14, a second band near $1.16, and a final major hurdle at $1.20. Ali Martinez singled out the $1.13 zone as the pivotal level, noting it had repeatedly capped breakout attempts over the prior month. A decisive daily close above it, he argued, could confirm the bullish structure and open a path toward $1.30 in the short term. Another analyst described XRP as breaking through those sell walls, framing the current test of $1.13 to $1.14 as the immediate battleground for buyers seeking follow-through.

Longer-horizon forecasters leaned far more aggressive. EGRAG CRYPTO reiterated a triple-bottom roadmap that maps eventual targets of $9, $15, and $31 — figures that sit worlds apart from the sub-$1.15 spot price. The analyst argued the chart presents a three-bottom sequence of rising cyclical lows, supported by XRP's long-term exponential moving averages, with the current bottom still forming around a confluence zone of $0.90 to $1.00. While such projections remain speculative, they capture the market's divergence: near-term traders eye a few cents of upside, while cycle theorists position for a multi-year expansion measured against XRP's previous all-time high.

Not every voice joined the optimism. ChartNerd cautioned that XRP has yet to escape the broader downtrend that began just over a year ago, when the token printed its record high of $3.65. From that peak, XRP has spent months grinding through a corrective structure, and the recent bounce — however technically clean — does not by itself reverse the larger trend. The warning serves as a counterweight to the bullish chorus: a single breakout above declining resistance is encouraging, but a confirmed exit from a year-long bear market phase requires sustained follow-through and a reclaim of far higher levels than the current range.

The move ranked among XRP's largest breakouts of 2026, its third-biggest of the year, and unfolded as Bitcoin climbed to a multi-week peak above $66,000. After spending most of July compressed inside a narrowing triangle between declining resistance and rising support, XRP finally resolved higher, gaining nearly two percent in a single session to trade around $1.13. The technical significance outweighed the modest percentage: the breakout ended a run of lower highs that had dominated price action since early June. Buyers pushed the price above both the descending trendline and the nearby 50-day moving average, while trading volume expanded through the attempt — lending the move added legitimacy versus earlier rallies that faded fast.

Attention now turns to the moving-average cluster overhead. The 100-day moving average sits directly in the path at $1.12 to $1.13, a level that has historically stalled recovery attempts. A decisive close above it would expose the 200-day moving average near $1.24, widely watched as the next major structural barrier. Momentum is also turning: the relative strength index has climbed back above 55 for the first time in weeks, signaling building buying pressure without yet reaching overbought territory. Some traders are leaning on algorithmic and AI trading bot signals to time the confirmation, but the setup hinges on whether volume sustains the push through these long-term averages.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.1446 resistance at 78/100, its strongest overhead level, driven by the confluence of a support-to-resistance flip, Ichimoku Senkou A and the upper Bollinger Band; the next barrier at $1.2151 scores 66/100 on the point of control and the 100-day EMA. Nearby support at $1.1193 holds a 65/100 reading from the high-volume node and Ichimoku Kijun. Derivatives read bullish but crowded: funding sits at 0.0055% with $705 million in open interest and a 3.01 long/short ratio (75% long). With the Fear and Greed Index at 25 (Extreme Fear), a sustained break above $1.1446 favors bulls, while a loss of $1.1193 would invalidate the thesis.