XRP vaulted above the $1.10 resistance late Thursday, snapping a weeks-long consolidation with a burst of buying volume. The token closed with a 2% gain, settling above that key level for the first time since mid-June, according to CoinDesk. The late-session surge concentrated enough size to break through offers that had repeatedly capped rallies since late June, turning the $1.10 zone from a short-term ceiling into a potential support floor.
The breakout aligned with a broader wave of altcoin strength, suggesting a rotation into smaller tokens rather than a catalyst unique to XRP. Traders now face a critical test: whether $1.10 can hold as support on any pullback. Order books above the breakout show thinning liquidity, meaning a sustained bid could quickly propel price towards the $1.18 congestion area, while a failure to defend the level risks a snapback into the prior range and a cascade of long liquidations.
However, a starkly contrasting technical view emerged late Thursday. Crypto analyst Ali Charts flagged a potential bearish flag on the one-hour chart, pointing to a pattern formed after XRP declined from around $1.12. The structure features an ascending support trendline with horizontal resistance near $1.096, and if the rising support breaks, the pattern would project a move toward $1.04. Ali Charts noted that the bearish outlook remains conditional until a confirmed downside breakdown occurs.
This clash of signals leaves XRP in a tense technical standoff. The breakout crowd eyes the early-week high as the next hurdle, while the bearish flag warns of a swift fall if buying pressure falters. The coming low-liquidity sessions will be decisive in determining whether the late-session bid was genuine accumulation or merely a stop-run.
