XRP Firm Position Above $1.38 Could Open The Door For Another Leg Up

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP continues to show resilience above the crucial $1.38 support level despite recent corrective weakness. While momentumremains modest, the ongoing structure still suggests the pullback may be part of a broader bullish setup rather than the start of a deeper decline. As long as buyers defend this key zone, the possibility of another leg higher remains firmly on the table.  XRP Holds Above $1.38 As Corrective Pullback Unfolds

According to a recent analysisby More Crypto Online, XRPremains within a broader range-bound structure. The pullback observed since the May 10 high is currently interpreted as a corrective three-wave decline rather than a definitive trend reversal. This suggests that the recent downward pressure may be a temporary consolidation phase within the larger market cycle. Related Reading XRP Pulls Back, But TD Sequential Flashes Buy Signal 4 days ago

A critical component of this outlook is the defense of the key swing low situated around $1.38. More Crypto Online emphasizes that as long as this specific floor remains intact, the technical structure allows for another move higher, potentially within a diagonal pattern.

Despite the possibility of an upward move, the analystnotes that current upside momentum remains relatively weak. The recent price advance bears a striking resemblance to the corrective three-wave move that followed the April 5 low.  Source: Chart from More Crypto Online on X

Technicians are closely monitoring the internal B-wave support zone, which lies between $1.40 and $1.42. More Crypto Online points out that this region is traditionally difficult to trade, as B-waves often fail to respect Fibonacci levels with precision. However, the internal 100% extension target near $1.41 has already been reached, which frequently serves as an ideal completion point for a corrective three-wave decline.

Ultimately, the market must now prove whether it can find a firm footing within this support region to trigger the next rally phase. More Crypto Online concludes that the prevailing wave count remains valid only as long as the $1.38 level is successfully defended.  Binance Spot CVD Stability Hints At Quiet XRP Accumulation

Crypto analyst Xaif Crypto highlightsthat XRP is currently exhibiting a significant divergence as Binance spot Cumulative Volume Delta (CVD) remains resilient despite the price hovering near local lows. This stability during a prolonged downtrend suggests that selling pressure is being met with firm underlying demand. Related Reading XRP Momentum Fades As Bulls Fail To Hold Breakout Zone 5 days ago

While a price drop of this duration usually triggers a sharp decline in spot volume delta, the current steady metrics suggest quiet institutional accumulation is occurring behind the scenes. Xaif Crypto highlights that a similar divergence previously served as a definitive precursor to a sharp market reversal. Given this historical precedent, the current stability in spot volume suggests that XRP may be nearing the conclusion of its consolidation phase and preparing for a trendshift. XRP trading at $1.45 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Freepik, chart from Tradingview.com