$XRP traded near $1.13 on July 5, according to crypto.news market data. The token was down 1.04% over 24 hours but remained up 7.79% over seven days. Its market cap stood near $70.26 billion, while 24-hour volume was about $1.67 billion.

The price remains close to a key technical zone after a short recovery from the $1 area. $XRP has moved back above short-term support, but it has not reclaimed the higher resistance area near $1.20.

A post from ChartNerd warned that $XRP is close to printing a weekly 20 EMA and 200-week SMA death cross. The analyst said the 200-week SMA near $1.20 may turn from a support floor into a supply ceiling.