XRP Struggles to Break Key Resistance at $1.15

XRP is currently stuck in a tricky spot. The token is trading just below its 50 day Exponential Moving Average of $1.1458, which acts as a ceiling for its recent price action. While the asset has successfully defended lower support zones, every attempt to climb higher has stalled against these technical roadblocks.

Despite the lack of a clear breakout, there are some hopeful signs for the bulls. The MACD indicator is trending upward, and the Relative Strength Index has climbed to 55. This shift shows that buying pressure is slowly returning to the market, moving the token out of a purely bearish phase without pushing it into overbought territory.

For the recovery to gain real speed, XRP needs a clean, decisive move above the $1.15 zone. If it clears this hurdle, it could signal that buyers are finally back in the driver's seat. Traders should keep a close eye on the $1.11 level for support, as a drop below that point might lead to another pullback.