XRP’s price has been stuck at a psychological barrier around $1.07 for weeks, with the token repeatedly failing to push past that level in June. Despite this resistance, the coin is currently trading near $1.084 USDT and has gained more than 3 % in the last 24 hours, indicating that traders are testing the ceiling again. The move comes at a time when the overall crypto market is in a state of “Extreme Fear,” yet XRP’s upward momentum stands out.
One factor that could help the token break free is the rapid growth of RLUSD on the XRP Ledger. The stable‑coin now accounts for over half of the ledger’s stable‑coin volume and has surged 40‑fold in recent weeks, signalling increased confidence in XRP’s infrastructure. If this trend continues, it could provide the extra liquidity and demand needed for a sustained rally.
Retail investors should watch for a potential breakout above $1.07, which could trigger a short‑squeeze as traders who bet on a decline are forced to cover. This, combined with the broader July 4‑era rally that has seen Bitcoin, Ethereum, and XRP climb to new weekly highs, could create a positive feedback loop. Keeping an eye on the fear‑greed index and the evolving RLUSD adoption will help gauge whether XRP’s current gains are a temporary spike or the start of a longer‑term trend.