XRP price has traded near $1.339 as buyers pushed the price back into a short-term supply zone between $1.34 and $1.35. The move followed a rebound from the $1.28 to $1.29 demand area, where volume rose sharply during the recovery. That increase in activity suggested stronger buying interest during the bounce. Even so, XRP now sits at a level that has capped price before, which keeps attention on whether bulls can clear resistance or face another rejection.
XRP Rebounds into Resistance After Holding Demand
The recent recovery began after XRP fell toward the $1.28 area and then reversed higher. According to crypto analyst CW, the XRP price has reclaimed the local base between $1.30 and $1.32 before moving back into the red supply zone near $1.34 to $1.355. This area remains the first barrier on the chart and now defines the near-term setup.
Source: X
If buyers manage a clean break and close above this zone, the next upside level comes in near $1.42. Above that, the chart shows a higher supply area between $1.47 and $1.50. That places the $1.45 region in focus if resistance gives way. Until then, the current move remains a test of overhead supply rather than a confirmed breakout.
On the downside, the first support sits between $1.31 and $1.32. This is the closest level that bulls need to defend if price loses momentum. Below that, the more important support remains near $1.28, where the latest rebound started. A move back under that area would weaken the recovery and place XRP back inside a deeper consolidation range.
Open Interest Hits Two-Week High
Market data also shows a rise in XRP open interest during the recent decline. According to CryptoQuant analyst Maartunn, open interest has increased from $892 million to $951 million as the price dropped below $1.31. That reading marked the highest level in more than two weeks.
At the same time, funding rates remained negative and reportedly reached -0.0010. A negative funding rate usually shows that short traders are paying long traders, which reflects stronger bearish positioning in the derivatives market. This combination of rising open interest and negative funding suggests that traders added short exposure while XRP was falling.
Liquidation data adds another layer to the setup. The material says clusters above the current price total $3.055 billion, with a notable cluster of $318.57 million near $1.356. If XRP rises into these levels, short positions could face pressure. That could create a squeeze effect and support a faster move higher through nearby resistance.
XRP Falling Channel Keeps Broader Pressure in Place
While the short-term structure has improved, the broader chart remains under pressure. XRP is still trading inside a falling channel that formed after the drop from the July 2025 peak near $3.6. Since then, the price has recorded lower highs and lower lows, which has kept the larger trend weak.
Source: X
The upper boundary of that channel has repeatedly blocked recovery attempts. The material points to failed breakout tries near $3.18 in September 2025, $3.10 in October 2025, $2.41 in January 2026, and $1.6 in March 2026. Each move reached the upper trendline and then turned lower.
That history makes the current resistance test more important. XRP has room to extend toward $1.42 and possibly $1.45 if the sell wall near $1.35 breaks. However, the market still needs a confirmed breakout above near-term supply before a larger reversal case can strengthen.
