XRP Price Fights Resistance at $1.12 Amid Ongoing Bearish Market Structure

XRP has rebounded to around $1.11 on July 15 after gaining about 3.8% over 24 hours, recovering from the $1.07 area.

The token traded between $1.07 and $1.12, while daily trading volume increased to roughly $1.29 billion.

Despite the recovery, XRP remains about 6% lower over the past month and nearly 70% below its July 2025 record high of $3.65.

Crypto analyst Crypto Patel said XRP had entered a high-confluence resistance area following a bearish market structure shift.

He identified a bearish order block, fair value gap, and breakdown retest around the current price area.