XRP climbed 3% to $1.37 as rising trading volume suggests steady accumulation despite a backdrop of extreme bearish sentiment. The digital asset recently broke above the $1.35 level, signaling a sequence of higher lows in its recent price action.
According to data from CoinDesk, social sentiment has dropped to one of its most bearish levels in two years. This divergence between price action and retail sentiment has historically preceded sharp rallies in the crypto market.
Technical resistance levels
The current price movement appears driven by accumulation rather than short-term speculation. Traders are closely monitoring the $1.42 to $1.45 zone, which serves as the key resistance area for a confirmed breakout.
While the price is currently consolidating just below recent highs, the market is approaching a major decision point. Compression across multiple timeframes indicates that pressure is building for a larger directional move.
Immediate support for the token sits at $1.35. If the price fails to hold this level and drops below the $1.33 to $1.30 range, downside risks will return to focus.
For a trend shift to occur, XRP must clear the upper resistance levels to confirm the end of its long-term consolidation phase.
