The XRP market has recently shown some key price levels, and it is crucial for investors and traders to understand the technical significance of these support levels and resistance levels.

In terms of support level, $1.00 serves as a psychological integer point, which has been tested and confirmed multiple times between August 8 and 10, demonstrating its importance. Meanwhile, $0.95 is the low point cluster area formed from August 2 to 6, also exhibiting strong support. It is particularly noteworthy that $0.90 is not only the double bottom low formed on August 2 to 3 but also represents an important technical bottom.

Turning to the resistance level, $1.10 is the current high point for the past 24 hours, and it has attempted to break through three times this week but has not succeeded, indicating strong resistance. The range of $1.18 to $1.20 is a robust resistance area, with $1.179 being the intraday high on August 10. A higher resistance level is around $1.30, which not only corresponds to the price distribution area from July 26 to 29 but also coincides with the 30-day moving average position.

The formation and repeated testing of these price levels reflect the game of market participants at these key points. For traders, these levels may become an important reference for making trading decisions. However, market conditions change rapidly, and investors still need to combine other technical indicators and fundamental factors to make cautious judgments.

With the continuous development of the cryptocurrency market, the price trend of XRP may also be influenced by broader market sentiment and regulatory environment. Therefore, closely monitoring changes in these key price levels, while remaining sensitive to overall market dynamics, will help better seize trading opportunities for XRP.