Key Takeaways
- XRP surged past the $1.10 barrier during late trading hours, posting a 1.8% gain to reach $1.1065
- Open Interest in perpetual futures markets stands at 2.14 billion XRP, marking an increase from Tuesday’s 2.09 billion
- The token continues trading beneath its 50, 100, and 200-day exponential moving averages, indicating ongoing bearish pressure
- Spot XRP exchange-traded funds experienced approximately $7 billion in net withdrawals on Wednesday, signaling institutional wariness
- Critical price zones: $1.10 as immediate support, with upside targets at $1.1065 and $1.13
XRP posted a solid 1.8% advance on Thursday, pushing through a compressed price channel to overcome the $1.10 threshold backed by robust trading activity. The digital asset ranged from an intraday floor of $1.0827 to a ceiling of $1.1065, ultimately consolidating in the $1.1020-$1.1040 zone.
The decisive upward move materialized near 01:00 UTC, when trading volumes spiked to 43.51 million XRP—representing an 88% surge over the typical 24-hour baseline. A subsequent one-hour burst channeled an additional 14.17 million XRP into the marketplace, propelling prices from $1.0958 to $1.1052 before sellers emerged to cap further gains.
Market commentator Celal Kucuker shared his perspective on XRP’s trajectory via X, noting: “Two years ago, XRP rallied over 500% in just one month. Now people say $7 by year-end is impossible… yet there are still 6 months left.” His remarks capture the renewed optimism circulating among retail market participants regarding XRP’s historical performance patterns.
Two years ago, $XRP rallied over 500% in just one month.
Now people say $7 by year-end is impossible…
yet there are still 6 months left.Never underestimate what Ripple can do. pic.twitter.com/pB9a0BymSf
— Celal Kucuker (@CelalKucuker) July 9, 2026
Retail Participation Shows Gradual Recovery
Current perpetual futures Open Interest registers at 2.14 billion XRP, reflecting growth from the 2.09 billion recorded on Tuesday, per CoinGlass tracking data. This incremental expansion indicates that retail market players are cautiously re-entering positions.
Conversely, institutional capital flows paint a different picture. XRP spot exchange-traded funds registered roughly $7 billion in net redemptions on Wednesday, extending a pattern of subdued institutional engagement observed throughout the week.
Global instability contributed additional headwinds to cryptocurrency markets broadly. US armed forces conducted strikes against 90 locations along Iran’s coastal regions on Wednesday. Iran’s Revolutionary Guard launched retaliatory operations targeting American military installations in Kuwait and Bahrain. Qatar’s leadership has called for diplomatic resolution between the parties.
Critical Technical Zones Under Scrutiny
XRP remains positioned beneath three significant exponential moving average benchmarks: the 50-day EMA at $1.17, the 100-day EMA at $1.28, and the 200-day EMA at $1.49. This cluster of technical indicators creates substantial overhead resistance.
Market technicians hold divergent views on probable price trajectories. Certain analysts reference Elliott Wave projections pointing toward a $1.19-$1.23 range. Alternative perspectives warn that failure to maintain the $1.09 level could trigger deeper retracements into lower support territories.
The Relative Strength Index currently hovers around 45, positioned beneath neutral territory. Meanwhile, the MACD histogram displays a marginally bullish inclination, hinting at a tentative near-term stabilization effort.
Throughout Thursday’s trading session, XRP established progressively higher troughs, with demand materializing around $1.0880 during temporary dips. The sustained hold above $1.10 following the breakout is interpreted as technically favorable.
Immediate overhead resistance points include $1.1065, followed by $1.11, with $1.13 representing the next significant barrier should momentum persist.
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