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XRP nears $1.07 resistance after Ripple's lending plans boost buying interest and network activity.

Technical Signals
02 Jul 2026
Crypto news
View Source
Bullish
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XRP has rallied close to the $1.07 resistance level following Ripple's announcement of an institutional lending protocol and increased on-chain activity, which revived buying interest. Despite improved short-term momentum, XRP faces strong resistance from major moving averages and a descending trendline that have capped gains since May. A breakout above $1.07-$1.09 could trigger a short squeeze toward $1.15, while failure to break this level risks a retest of support around $1.03-$1.00. Market factors like reduced supply from escrow releases, rising wallet activity, and seasonal strength in July support the recovery, but broader macroeconomic challenges and regulatory delays keep the longer-term trend cautious.

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