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XRP rebounds from $1.07 support amid bullish breakout but faces geopolitical and regulatory risks.

Technical Signals
09 Jul 2026
Crypto news
View Source
Bullish
pluang ai news

XRP price recovered from a low of $1.07 after defending key support, showing signs of a bullish breakout from a descending channel. Technical indicators like RSI bullish divergence and improving MACD momentum support potential further gains, with key resistance levels at $1.14 and $1.18. However, ongoing geopolitical tensions, particularly U.S.-Iran conflicts, and regulatory uncertainties such as delays in the CLARITY Act weigh on investor sentiment and could limit upside. Institutional outflows from XRP ETFs and large-holder selling also pose risks. A sustained move above $1.10 and $1.14 could boost momentum, while falling below $1.07 may invalidate the recovery.

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