$XRP price today is trading above $1.10 after gaining nearly 4%, while Bitcoin has climbed back above $65,000. The recent recovery has improved market sentiment, but $XRP still needs to move above $1.20 to confirm a stronger uptrend.

The $1.20 level has acted as a strong resistance in recent weeks.

According to analyst, a sustained move above this level could push $XRP toward the next resistance zone between $1.24 and $1.28. A break above $1.29 would strengthen the bullish trend.

On the downside, $XRP needs to stay above $1.13 to maintain the current recovery. A drop below $1.10 could erase recent gains.

$XRP Price Rises as Funding Rates Fall

One unusual signal during the latest rally is the sharp drop in $XRP funding rates.

Funding rates fell 240% in one day, even as $XRP moved above $1.13. At the same time, trading volume increased 64% over the past 24 hours.

This suggests the price increase is being supported by spot buying rather than excessive leveraged trading, making the move appear healthier than a leverage-driven rally.

Whale Buying Continues

Large $XRP holders added around 70 million $XRP during the recent price recovery. Despite this accumulation, $XRP has remained below $1.20, showing that buying pressure has not yet been strong enough to trigger a larger breakout.

Network Activity Remains Weak

Active $XRP addresses have dropped to around 20,000, the lowest level in nearly a year. Lower network activity suggests fewer users are currently interacting with the $XRP Ledger, even as the price attempts to recover. At the same time, new capital entering $XRP remains limited, which has slowed upward momentum.

Key $XRP Price Levels

  • $1.10 – Major support
  • $1.13 – Short-term support
  • $1.20 – Key resistance
  • $1.24-$1.28 – Next resistance zone
  • $1.29 – Level that could open the way for a stronger rally

$XRP has started to recover, supported by higher trading volume and continued accumulation by large holders. However, the price remains below its key resistance, network activity is near a one-year low, and fresh buying remains limited. Holding above $1.13 and breaking $1.20 will be the next important signals to watch.