XRP Fights to Break Above $1.10 Amid Market Caution

XRP is currently struggling to find momentum as it trades near $1.09. The asset is facing pressure from a broader market slowdown, driven by rising oil prices and a cautious mood in the technology sector. Heightened geopolitical tensions between the U.S. and Iran are also keeping many traders on the sidelines for now.

Even with this recent consolidation, market watchers have their eyes set on the $1.17 target. Reaching that price point depends heavily on XRP clearing the current resistance line that has kept the price capped lately. If the selling pressure continues, the coin may need more buying interest to push past this wall.

Traders are watching to see if XRP can hold its ground while the wider market stabilizes. If volatility remains high, expect price swings to continue until the asset either confirms a breakout or pulls back to test support levels. For now, the focus remains on whether the bulls can gain enough strength to challenge the $1.17 mark.