Ripple (XRP) Continues 'Coiling' Phase… $1.11 Support and Breakout Above $1.16–$1.18 to Determine Future Trend
As Ripple (XRP) searches for direction within a narrow price band, an increasing number of market participants are interpreting the current situation as a 'coil

As Ripple (XRP) searches for direction within a narrow price band, an increasing number of market participants are interpreting the current situation as a 'coiling' phase that could孕育 the next expansion in volatility.
XRP's upward momentum has slowed following its recent surge, but it continues to trade sideways, defending a certain range without a clear bearish reversal. In particular, as the pattern of shrinking volatility and narrowing trading ranges becomes more pronounced, expectations are growing that a sharp directional move will emerge. This is because when prices converge within a narrow band for an extended period, it is often interpreted as a precursor to a trend reversal.
Market analysts explain that they have observed selling pressure gradually easing during the recent correction process. They note that the price is holding firm without falling significantly below previous lows, which is a meaningful signal.
Currently, the $1.11 level is being cited as a key short-term defense line. If this support holds, it is evaluated that additional upside attempts are possible. On the other hand, if the support breaks down, investor sentiment could contract again, making the importance of this price level increasingly significant.
Meanwhile, participants predict that along with an increase in trading volume, whether XRP can break through the $1.16–$1.18 range will be the decisive factor in shaping the next trend.
[This article was written with the assistance of AI. The cryptocurrency market is highly volatile. This article is for informational purposes only and does not recommend the purchase or sale of any specific asset.]
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