CoinDesk analyzed that XRP broke through its major resistance level of $1.14 with an increase in trading volume, but has since slightly fallen back, testing whether that zone will convert into support. Typically, a technical resistance line tends to convert into a support line after a price breakout. The media outlet explained, "At the time of the breakout, trading volume was recorded at 81.89 million XRP, a 207% increase compared to the usual average. Buying pressure pushed XRP up to $1.1594 at the time, but selling pressure subsequently flowed in, pushing it back down to $1.146. This rise occurred after the XRP spot ETF recorded net inflows for 9 consecutive weeks, attracting $17.19 million. However, subsequent triggers, such as the failure of the CLARITY Act vote, have been delayed. Although most XRP investors are currently in a loss zone, it is positive that a breakout of the 4-hour candlestick downtrend and bullish divergence have been detected technically. Attention should be paid to whether the $1.14 zone holds as support and whether the resistance zone of $1.17 to $1.20 is broken."
