7.27 Monday XRP afternoon outlook

On July 27, XRP followed the broader market for a modest repair. The current price is trading near $1.106. Over the past 24 hours, it closed slightly higher, with an intraday range of $1.0955–$1.1163.
From the technical chart, the first short-term resistance is set at the intraday high of $1.1163. Above it, the mid-term heavy supply is concentrated in the $1.18–$1.23 range where liquidity is dense. Only if it shows volume and holds above $1.14 will there be a chance to reverse the short-term weak bias. On the downside, the key short-term support is $1.084, which is the launch point for this round of rebound and also the recent line separating strength from weakness. If it holds this level to maintain the range recovery, all will be fine; once it breaks down effectively, the market will once again test the $1.05 defense level.
Trading suggestion: $1.110–$1.116, target $1.104–$1.096$BTC $ETH $SOL