XRP Update: Bulls Back at Resistance But HoldingXRP / TetherUSBINANCE:XRPUSDTDukesMarketAnalysisSupport Successfully Reclaimed XRP has successfully reclaimed the $1.0777-$1.0700 support zone and the 0.618 Fibonacci level at $1.0761, marking a positive shift in the short-term structure. That former resistance is now acting as support and will be an important level for the bulls to defend. $1.12 Remains the Barrier Price has rallied straight back into the $1.12 resistance zone, but once again the bulls are struggling to force a decisive break. A convincing move above this area would bring the July 4 swing high at $1.1843 into focus. Momentum Improving The RSI has climbed back above 50, reflecting improving bullish momentum following the recent rally. Meanwhile, the StochRSI has moved into overbought territory, suggesting some short-term consolidation would not be unusual after such a sharp move. Consolidation Would Be Healthy Volume has begun to decline as price consolidates beneath resistance, which is a normal development following a strong impulsive rally. Holding above the reclaimed support while working through this consolidation would keep the short-term outlook constructive. Summary XRP has taken an encouraging step by reclaiming key support, but $1.12 remains the level the bulls must overcome. A sustained break above resistance would strengthen the bullish case considerably, while continued consolidation above $1.077-$1.070 would still represent a constructive development.