Structural Setup: The $1.08 Reclaim

$XRP has reestablished control above $1.08 on the 4-hour timeframe, marking a critical inflection point in the near-term structure. The reclaim of this level signals that the prior resistance has flipped to support, a textbook pattern in technical analysis where price bounces between zones before directional continuation. Volume backdrop of $1.69B across 24 hours provides reasonable liquidity to test higher levels without extreme slippage risk.

The Asia and London sessions have carried momentum into this breakout, with the asset up 3.92% over the past day. This sustained move above $1.08 - rather than a single spike and reversal - suggests accumulation is supporting price at this zone rather than rejection.

The $1.16 Resistance Zone and Fibonacci Context

The next structural resistance level sits at $1.16, approximately 7.4% above current price. This level represents a prior swing high and acts as a natural supply zone where sellers have historically stepped in. In terms of Fibonacci extension from the recent swing low, $1.16 aligns with a 1.618 extension level, suggesting institutional traders are likely monitoring this zone as both a profit-taking level and a potential breakout trigger.

Reachers of $1.16 would establish a higher high in the current uptrend, breaking above the intermediate resistance band. A close above $1.16 would shift the technical bias toward $1.28 as the next target. Failure at $1.16 - a rejection back below $1.08 - would indicate that buyers lack conviction and the reclaim was a fakeout rather than the start of a sustained move.

RSI and Momentum Reading

On the 4-hour chart, momentum indicators are pointing into mild overbought territory but not yet at extremes. RSI in the mid-60s range suggests room for further upside before a pullback becomes due. The MACD remains in positive territory with the histogram expanding, a bullish signal that momentum is still building rather than rolling over.