XRP (CRYPTO: XRP) broke above a year-long descending trendline last week before immediately pulling back. Bulls are now watching $1.10 as the line that must hold to keep the breakout alive.

Why $1.10 Is The Line Bulls Cannot Afford To Lose?

Pseudonymous analyst Egrag Crypto flagged the 4-hour chart as the critical short-term test. 

The map Egrag laid out is clear: holding $1.10 keeps the bullish structure alive. 

Losing $1.10 opens a deeper retest toward $1.06, which also aligns with the upper boundary of the previous triangle breakout, making it the tactical zone to watch for a potential short-term long setup.

CLARITY Act Delay Removes A Key Near-Term Catalyst

A scheduled Senate vote on the CLARITY Act was canceled before the congressional recess, stripping XRP and the broader digital asset market of a near-term regulatory catalyst. 

That delay helps explain why last week’s breakout attempt is struggling to attract follow-through volume, with $1.13 to $1.14 still acting as resistance rather than confirmed support.

XRP spot ETFs logged a ninth consecutive week of net inflows at $17.19 million, extending cumulative inflows to roughly $1.47 billion. 

New XRP wallets climbed roughly 40% in the last full week of June, the highest weekly count since March. 

Roughly $4 billion in tokenized real-world assets now sit on the XRP Ledger across 500-plus products, including a Treasury redemption earlier this year settled jointly by JPMorgan, Ondo, and Mastercard in roughly four seconds.

Ripple’s MiCA Authorization Adds Regulatory Tailwind

Ripple secured full Crypto Asset Service Provider authorization from Luxembourg’s regulator Monday, making it compliant to passport crypto services across all 30 European Economic Area countries.

The authorization adds to Ripple’s existing EU Electronic Money Institution license, bringing its global regulatory portfolio above 75 licenses. 

Of the more than 3,000 companies that previously operated under national European crypto regimes, only 280 received CASP authorization under the new unified MiCA framework.

Key Levels For XRP Right Now

The $1.13 to $1.14 zone is the immediate test, with the $1.14 to $1.18 range representing the next area bulls need to clear to confirm a trend shift. 

The long-term descending trendline from August 2025’s peak sits right in that same area.

Hold $1.10 and bulls stay in the game. Bounce from $1.06 opens a potential short-term setup. Lose $1.06 and caution increases sharply toward the $1 demand zone floor.

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