XRP is currently engulfed beneath all significant moving averages, with its momentum stagnated at zero, indicating a standstill in its movement. It is anticipated that the digital currency is more likely to hover around the range of $1.03 to $1.05 in the immediate future. For a potential upward trend to emerge, it is crucial for bulls to secure a daily closure above the $1.11 mark, signaling the beginning of upward momentum.