XRP Trades Range-Bound Below $1.10 as Ripple EU Approval Meets Market Resistance

XRP (XRP) continued to trade in a tight range around $1.06 on Friday ET, with traders weighing a cluster of catalysts—from Ripple’s newly secured EU regulatory clearance under MiCA to a proposed $1 billion corporate treasury-style accumulation plan by Evernorth—against stubborn technical resistance and a seasonally weak August backdrop.

The market’s immediate focus remains the $1.10 area, which multiple technical desks describe as a “confluence zone” where the 50-day and 100-day moving averages compress. XRP has now failed three consecutive attempts to reclaim that level, with the Bollinger…  Read more

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