CoinDesk analyzed that XRP is raising its lows above $1 after last week's sell-off, but a sideways trend could continue until it breaks $1.1. The media outlet stated, "XRP rose to around $1.10 after holding the $1.08 support level multiple times during U.S. trading hours, but failed to break the $1.1087 resistance. The short-term chart improved as the lows rose to $1.0552, $1.0589, and $1.0799. Buying pressure was confirmed with increased trading volume during the rise, but selling pressure continues to emerge at the $1.1087 resistance line. If $1.08 breaks, the next support level is $1.0611, and if it definitively breaks $1.1087, there is room for it to rise to $1.12-$1.13. However, until it settles above $1.10-$1.12, it is not a breakout but a period of consolidating its floor." they explained.
