XRP Coils in Tight Range as $1.40 Support Holds — Breakout or Another Fakeout Brewing?
According to market analyst Paul Bennett, XRP is stuck in one of its most frustrating phases, quiet, sideways trading that wears out both bulls and bears.
More notably, it's the kind of range XRP is known for: long periods of inactivity that suddenly give way to sharp, unexpected moves once retail interest has already faded.
XRP is currently trading at $1.41, with $1.40 emerging as a critical support zone that has repeatedly attracted buyers. Price action is compressing within a large symmetrical pennant, while the weekly MACD stays in bullish territory for a third straight week.
However, momentum remains weak as declining volume points to hesitation rather than strong conviction. Earlier in the year, XRP faced two clear rejections near $1.60, a level where sellers have consistently capped upside moves.
Now the structure is straightforward because as long as $1.40 holds, the bullish bias stays intact despite ongoing chop. A clean, high-volume break above $1.60 would likely trigger a fast move toward $2 as liquidity thins above resistance.
Nevertheless, if price pushes through without strong participation, the move risks fading quickly and snapping back into the range.
XRP at a Critical Compression Point as Rising On-Chain Activity Hints at a Brewing Breakout
XRP is still stuck in a wait-and-see phase, with neither buyers nor sellers fully in control. But beneath the quiet price action, on-chain data tells a different story, XRP Ledger transactions are up by 65% over the past year, driven by rising activity on Bitstamp and RLUSD. While price consolidates, real network usage keeps building, hinting at growing underlying strength even in a stagnant market.
Interestingly, market psychology is driving most of the action here. These quiet stretches often feel uneventful, but they frequently come before sharp bursts in volatility.
For XRP, the key question is whether buyers defend support with conviction or if sellers keep rejecting every push toward $1.50. A clean reclaim above that level would likely flip sentiment fast and pull sidelined traders back in.
Until then, price remains compressed, testing patience more than conviction. In conditions like this, direction rarely signals itself early; it usually emerges once attention starts fading.
That’s why this zone matters. The next decisive move could set XRP’s short-term trend and potentially shape broader market sentiment into the next phase of the cycle, especially if volatility expands as pressure builds.
