XRP Near Critical Zone: Breakout Could Trigger Upside Move

XRP is trading around $1.35, just above its recent support after gaining slightly over the past two days. However, demand remains weak from both retail investors and institutions, which limits upward momentum.

Market sentiment is still fragile. The ongoing geopolitical tensions involving the US, Israel, and Iran continue to weigh on risk assets such as cryptocurrencies. As a result, any short-term gains tend to be sold quickly, causing frequent pullbacks.

Institutional activity reflects this weakness. XRP spot ETFs have recently seen outflows totaling $2.3 million, and total assets under management have fallen from $1.65 billion earlier this year to about $944 million now. This suggests reduced confidence at higher price levels.

Retail interest is also declining. Futures open interest dropped to $2.45 billion, down from $2.54 billion just a day before, and remains far below the $10.94 billion peak seen when XRP reached its all-time high. This significant decrease signals weaker risk appetite and less engagement in the market.

Technically, XRP remains inside a descending channel and is now testing its upper boundary — an important decision point.

If the price manages to break above and close beyond the $1.36 to $1.40 resistance zone and clears the channel, it could push toward $1.47 and then $1.57. This would indicate a possible shift in trend.

On the other hand, if the price is rejected here, the downward trend likely continues, with support levels around $1.30 and then between $1.22 and $1.20.

This zone calls for caution. It’s best to wait for confirmation: either a clear breakout with momentum or a firm rejection to consider short positions.

In summary, XRP is at a critical point. A breakout may lead to gains, while a rejection would keep the downtrend going.

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